This property looks like a bad Airbnb investment with a projected -21.27% first-year return on $197k initial cash invested.
-21.27%
Cash On Cash
1.86%
Cap Rate
0.28
DSCR
$3,981
Rent
-$3,490
Cashflow
Cash Flow
$3,981 income − $7,471 expenses = $3,490 out of pocket
Investment Breakdown
|
Purchase Price
$852k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,518
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,981
Total Expenses
$7,471
Mortgage P&I
117%
$4,653
Property Taxes
14%
$559
Home Insurance
9%
$349
HOA
0%
$0
Property Management
15%
$597
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$995