This property looks like a bad Airbnb investment with a projected -23.97% first-year return on $206k initial cash invested.
-23.97%
Cash On Cash
1.01%
Cap Rate
0.16
DSCR
$3,600
Rent
-$4,113
Cashflow
Cash Flow
$3,600 income − $7,713 expenses = $4,113 out of pocket
Investment Breakdown
|
Purchase Price
$895k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,600
Total Expenses
$7,713
Mortgage P&I
131%
$4,724
Property Taxes
26%
$948
Home Insurance
9%
$313
HOA
0%
$0
Property Management
15%
$540
CapEx
4%
$144
Vacancy
0%
$0
Maintenance
4%
$144
Other
25%
$900