This property looks like a bad Airbnb investment with a projected -20.34% first-year return on $218k initial cash invested.
-20.34%
Cash On Cash
1.66%
Cap Rate
0.27
DSCR
$3,788
Rent
-$3,686
Cashflow
Cash Flow
$3,788 income − $7,474 expenses = $3,686 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$190k
Closing costs
1%
$9,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,788
Total Expenses
$7,474
Mortgage P&I
128%
$4,850
Property Taxes
12%
$473
Home Insurance
9%
$332
HOA
0%
$0
Property Management
15%
$568
CapEx
4%
$152
Vacancy
0%
$0
Maintenance
4%
$152
Other
25%
$947