This property looks like a bad Airbnb investment with a projected -20.5% first-year return on $219k initial cash invested.
-20.5%
Cash On Cash
2.02%
Cap Rate
0.31
DSCR
$4,996
Rent
-$3,734
Cashflow
Cash Flow
$4,996 income − $8,730 expenses = $3,734 out of pocket
Investment Breakdown
|
Purchase Price
$955k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$219k
Downpayment
20%
$191k
Closing costs
1%
$9,553
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,996
Total Expenses
$8,730
Mortgage P&I
103%
$5,143
Property Taxes
17%
$858
Home Insurance
7%
$331
HOA
0%
$0
Property Management
15%
$749
CapEx
4%
$200
Vacancy
0%
$0
Maintenance
4%
$200
Other
25%
$1,249