This property looks like a bad Airbnb investment with a projected -34.94% first-year return on $228k initial cash invested.
-34.94%
Cash On Cash
-1.86%
Cap Rate
-0.31
DSCR
$0
Rent
-$6,639
Cashflow
Cash Flow
$0 income − $6,639 expenses = $6,639 out of pocket
Investment Breakdown
|
Purchase Price
$1000k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$10,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$0
Total Expenses
$6,639
Mortgage P&I
50870000%
$5,087
Property Taxes
12200000%
$1,220
Home Insurance
3320000%
$332
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0