This property looks like a bad Airbnb investment with a projected -21.45% first-year return on $217k initial cash invested.
-21.45%
Cash On Cash
1.5%
Cap Rate
0.24
DSCR
$4,846
Rent
-$3,884
Cashflow
Cash Flow
$4,846 income − $8,730 expenses = $3,884 out of pocket
Investment Breakdown
|
Purchase Price
$949k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$190k
Closing costs
1%
$9,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,846
Total Expenses
$8,730
Mortgage P&I
101%
$4,876
Property Taxes
25%
$1,195
Home Insurance
7%
$332
HOA
0%
$0
Property Management
15%
$727
CapEx
4%
$194
Vacancy
0%
$0
Maintenance
4%
$194
Other
25%
$1,212