This property looks like a bad Airbnb investment with a projected -16.04% first-year return on $215k initial cash invested.
-16.04%
Cash On Cash
2.71%
Cap Rate
0.45
DSCR
$6,056
Rent
-$2,872
Cashflow
Cash Flow
$6,056 income − $8,928 expenses = $2,872 out of pocket
Investment Breakdown
|
Purchase Price
$937k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$187k
Closing costs
1%
$9,374
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,056
Total Expenses
$8,928
Mortgage P&I
78%
$4,747
Property Taxes
15%
$929
Home Insurance
6%
$346
HOA
0%
$0
Property Management
15%
$908
CapEx
4%
$242
Vacancy
0%
$0
Maintenance
4%
$242
Other
25%
$1,514