This property looks like a bad Airbnb investment with a projected -25.12% first-year return on $207k initial cash invested.
-25.12%
Cash On Cash
0.3%
Cap Rate
0.05
DSCR
$2,712
Rent
-$4,328
Cashflow
Cash Flow
$2,712 income − $7,040 expenses = $4,328 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,987
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,712
Total Expenses
$7,040
Mortgage P&I
164%
$4,444
Property Taxes
36%
$980
Home Insurance
12%
$315
HOA
0%
$0
Property Management
15%
$407
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$678