This property looks like a bad Airbnb investment with a projected -22.67% first-year return on $227k initial cash invested.
-22.67%
Cash On Cash
1.21%
Cap Rate
0.19
DSCR
$2,836
Rent
-$4,288
Cashflow
Cash Flow
$2,836 income − $7,124 expenses = $4,288 out of pocket
Investment Breakdown
|
Purchase Price
$995k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$227k
Downpayment
20%
$199k
Closing costs
1%
$9,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,836
Total Expenses
$7,124
Mortgage P&I
183%
$5,182
Property Taxes
8%
$234
Home Insurance
12%
$348
HOA
0%
$0
Property Management
15%
$425
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$709