This property looks like a bad Airbnb investment with a projected -21.49% first-year return on $219k initial cash invested.
-21.49%
Cash On Cash
1.46%
Cap Rate
0.24
DSCR
$4,145
Rent
-$3,929
Cashflow
Cash Flow
$4,145 income − $8,074 expenses = $3,929 out of pocket
Investment Breakdown
|
Purchase Price
$959k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$219k
Downpayment
20%
$192k
Closing costs
1%
$9,590
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,145
Total Expenses
$8,074
Mortgage P&I
119%
$4,929
Property Taxes
13%
$531
Home Insurance
8%
$341
HOA
7%
$283
Property Management
15%
$622
CapEx
4%
$166
Vacancy
0%
$0
Maintenance
4%
$166
Other
25%
$1,036