This property looks like a bad Airbnb investment with a projected -24.14% first-year return on $206k initial cash invested.
-24.14%
Cash On Cash
1.16%
Cap Rate
0.18
DSCR
$3,639
Rent
-$4,154
Cashflow
Cash Flow
$3,639 income − $7,793 expenses = $4,154 out of pocket
Investment Breakdown
|
Purchase Price
$898k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$180k
Closing costs
1%
$8,976
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,639
Total Expenses
$7,793
Mortgage P&I
134%
$4,876
Property Taxes
23%
$844
Home Insurance
9%
$325
HOA
0%
$0
Property Management
15%
$546
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$910