This property looks like a bad Airbnb investment with a projected -28.65% first-year return on $225k initial cash invested.
-28.65%
Cash On Cash
0.41%
Cap Rate
0.06
DSCR
$2,952
Rent
-$5,364
Cashflow
Cash Flow
$2,952 income − $8,316 expenses = $5,364 out of pocket
Investment Breakdown
|
Purchase Price
$984k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$197k
Closing costs
1%
$9,843
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,952
Total Expenses
$8,316
Mortgage P&I
189%
$5,579
Property Taxes
33%
$974
Home Insurance
12%
$346
HOA
0%
$0
Property Management
15%
$443
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$738