This property looks like a bad Airbnb investment with a projected -20.31% first-year return on $212k initial cash invested.
-20.31%
Cash On Cash
2.3%
Cap Rate
0.35
DSCR
$6,264
Rent
-$3,587
Cashflow
Cash Flow
$6,264 income − $9,851 expenses = $3,587 out of pocket
Investment Breakdown
|
Purchase Price
$924k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$212k
Downpayment
20%
$185k
Closing costs
1%
$9,237
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,264
Total Expenses
$9,851
Mortgage P&I
82%
$5,108
Property Taxes
8%
$520
Home Insurance
7%
$438
HOA
12%
$777
Property Management
15%
$940
CapEx
4%
$251
Vacancy
0%
$0
Maintenance
4%
$251
Other
25%
$1,566