This property looks like a bad Airbnb investment with a projected -24.52% first-year return on $217k initial cash invested.
-24.52%
Cash On Cash
0.55%
Cap Rate
0.09
DSCR
$2,041
Rent
-$4,440
Cashflow
Cash Flow
$2,041 income − $6,481 expenses = $4,440 out of pocket
Investment Breakdown
|
Purchase Price
$949k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$190k
Closing costs
1%
$9,492
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,041
Total Expenses
$6,481
Mortgage P&I
235%
$4,791
Property Taxes
18%
$360
Home Insurance
17%
$350
HOA
0%
$0
Property Management
15%
$306
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$510