This property looks like a bad Airbnb investment with a projected -21.59% first-year return on $214k initial cash invested.
-21.59%
Cash On Cash
1.6%
Cap Rate
0.25
DSCR
$3,476
Rent
-$3,853
Cashflow
Cash Flow
$3,476 income − $7,329 expenses = $3,853 out of pocket
Investment Breakdown
|
Purchase Price
$934k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$187k
Closing costs
1%
$9,339
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,476
Total Expenses
$7,329
Mortgage P&I
143%
$4,958
Property Taxes
11%
$388
Home Insurance
9%
$315
HOA
0%
$0
Property Management
15%
$521
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$869