This property looks like a bad Airbnb investment with a projected -17.69% first-year return on $215k initial cash invested.
-17.69%
Cash On Cash
2.4%
Cap Rate
0.38
DSCR
$4,341
Rent
-$3,165
Cashflow
Cash Flow
$4,341 income − $7,506 expenses = $3,165 out of pocket
Investment Breakdown
|
Purchase Price
$936k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$187k
Closing costs
1%
$9,364
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,341
Total Expenses
$7,506
Mortgage P&I
112%
$4,863
Property Taxes
5%
$196
Home Insurance
8%
$346
HOA
0%
$17
Property Management
15%
$651
CapEx
4%
$174
Vacancy
0%
$0
Maintenance
4%
$174
Other
25%
$1,085