This property looks like a bad Airbnb investment with a projected -24.9% first-year return on $223k initial cash invested.
-24.9%
Cash On Cash
1.08%
Cap Rate
0.16
DSCR
$3,137
Rent
-$4,622
Cashflow
Cash Flow
$3,137 income − $7,759 expenses = $4,622 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$195k
Closing costs
1%
$9,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,137
Total Expenses
$7,759
Mortgage P&I
171%
$5,375
Property Taxes
9%
$283
Home Insurance
11%
$341
HOA
8%
$255
Property Management
15%
$471
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$784