This property looks like a bad Airbnb investment with a projected -29.75% first-year return on $225k initial cash invested.
-29.75%
Cash On Cash
-0.07%
Cap Rate
-0.01
DSCR
$2,669
Rent
-$5,566
Cashflow
Cash Flow
$2,669 income − $8,235 expenses = $5,566 out of pocket
Investment Breakdown
|
Purchase Price
$984k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$197k
Closing costs
1%
$9,835
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,669
Total Expenses
$8,235
Mortgage P&I
202%
$5,400
Property Taxes
41%
$1,087
Home Insurance
13%
$344
HOA
5%
$123
Property Management
15%
$400
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$667