This property looks like a bad Airbnb investment with a projected -24.84% first-year return on $223k initial cash invested.
-24.84%
Cash On Cash
0.98%
Cap Rate
0.15
DSCR
$2,454
Rent
-$4,611
Cashflow
Cash Flow
$2,454 income − $7,065 expenses = $4,611 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$195k
Closing costs
1%
$9,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,454
Total Expenses
$7,065
Mortgage P&I
216%
$5,312
Property Taxes
10%
$234
Home Insurance
14%
$341
HOA
0%
$0
Property Management
15%
$368
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$614