This property looks like a bad Airbnb investment with a projected -21.27% first-year return on $217k initial cash invested.
-21.27%
Cash On Cash
1.3%
Cap Rate
0.22
DSCR
$4,241
Rent
-$3,848
Cashflow
Cash Flow
$4,241 income − $8,089 expenses = $3,848 out of pocket
Investment Breakdown
|
Purchase Price
$948k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$190k
Closing costs
1%
$9,482
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,241
Total Expenses
$8,089
Mortgage P&I
111%
$4,708
Property Taxes
24%
$1,000
Home Insurance
8%
$345
HOA
0%
$0
Property Management
15%
$636
CapEx
4%
$170
Vacancy
0%
$0
Maintenance
4%
$170
Other
25%
$1,060