This property looks like a bad Airbnb investment with a projected -28.37% first-year return on $205k initial cash invested.
-28.37%
Cash On Cash
0.1%
Cap Rate
0.02
DSCR
$1,352
Rent
-$4,839
Cashflow
Cash Flow
$1,352 income − $6,191 expenses = $4,839 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,888
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,352
Total Expenses
$6,191
Mortgage P&I
359%
$4,858
Property Taxes
27%
$360
Home Insurance
24%
$324
HOA
0%
$0
Property Management
15%
$203
CapEx
4%
$54
Vacancy
0%
$0
Maintenance
4%
$54
Other
25%
$338