This property looks like a bad Airbnb investment with a projected -24.52% first-year return on $223k initial cash invested.
-24.52%
Cash On Cash
1.12%
Cap Rate
0.17
DSCR
$4,041
Rent
-$4,552
Cashflow
Cash Flow
$4,041 income − $8,593 expenses = $4,552 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
$4,041
Total Expenses
$8,593
Mortgage P&I
131%
$5,297
Property Taxes
13%
$505
Home Insurance
8%
$341
HOA
13%
$510
Property Management
15%
$606
CapEx
4%
$162
Vacancy
0%
$0
Maintenance
4%
$162
Other
25%
$1,010