This property looks like a bad Airbnb investment with a projected -20.91% first-year return on $228k initial cash invested.
-20.91%
Cash On Cash
2.07%
Cap Rate
0.31
DSCR
$5,279
Rent
-$3,970
Cashflow
Cash Flow
$5,279 income − $9,249 expenses = $3,970 out of pocket
Investment Breakdown
|
Purchase Price
$999k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$9,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,279
Total Expenses
$9,249
Mortgage P&I
104%
$5,483
Property Taxes
17%
$882
Home Insurance
7%
$350
HOA
0%
$0
Property Management
15%
$792
CapEx
4%
$211
Vacancy
0%
$0
Maintenance
4%
$211
Other
25%
$1,320