This property looks like a bad Airbnb investment with a projected -25.15% first-year return on $211k initial cash invested.
-25.15%
Cash On Cash
0.5%
Cap Rate
0.08
DSCR
$2,012
Rent
-$4,422
Cashflow
Cash Flow
$2,012 income − $6,434 expenses = $4,422 out of pocket
Investment Breakdown
|
Purchase Price
$919k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$211k
Downpayment
20%
$184k
Closing costs
1%
$9,190
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,012
Total Expenses
$6,434
Mortgage P&I
235%
$4,724
Property Taxes
21%
$413
Home Insurance
17%
$332
HOA
0%
$0
Property Management
15%
$302
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$503