This property looks like a bad Airbnb investment with a projected -24.65% first-year return on $198k initial cash invested.
-24.65%
Cash On Cash
0.6%
Cap Rate
0.1
DSCR
$2,852
Rent
-$4,065
Cashflow
Cash Flow
$2,852 income − $6,917 expenses = $4,065 out of pocket
Investment Breakdown
|
Purchase Price
$857k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$171k
Closing costs
1%
$8,565
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,852
Total Expenses
$6,917
Mortgage P&I
154%
$4,382
Property Taxes
30%
$860
Home Insurance
11%
$306
HOA
0%
$0
Property Management
15%
$428
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$713