This property looks like a bad Airbnb investment with a projected -25.54% first-year return on $204k initial cash invested.
-25.54%
Cash On Cash
0.46%
Cap Rate
0.08
DSCR
$3,965
Rent
-$4,348
Cashflow
Cash Flow
$3,965 income − $8,313 expenses = $4,348 out of pocket
Investment Breakdown
|
Purchase Price
$887k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$177k
Closing costs
1%
$8,871
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,965
Total Expenses
$8,313
Mortgage P&I
114%
$4,531
Property Taxes
38%
$1,499
Home Insurance
8%
$322
HOA
1%
$57
Property Management
15%
$595
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$991