This property looks like a bad Airbnb investment with a projected -23.21% first-year return on $225k initial cash invested.
-23.21%
Cash On Cash
1.55%
Cap Rate
0.24
DSCR
$5,316
Rent
-$4,352
Cashflow
Cash Flow
$5,316 income − $9,668 expenses = $4,352 out of pocket
Investment Breakdown
|
Purchase Price
$986k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$197k
Closing costs
1%
$9,858
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,316
Total Expenses
$9,668
Mortgage P&I
102%
$5,416
Property Taxes
25%
$1,350
Home Insurance
7%
$350
HOA
0%
$0
Property Management
15%
$797
CapEx
4%
$213
Vacancy
0%
$0
Maintenance
4%
$213
Other
25%
$1,329