This property looks like a bad Airbnb investment with a projected -25.3% first-year return on $218k initial cash invested.
-25.3%
Cash On Cash
1.04%
Cap Rate
0.16
DSCR
$3,728
Rent
-$4,595
Cashflow
Cash Flow
$3,728 income − $8,323 expenses = $4,595 out of pocket
Investment Breakdown
|
Purchase Price
$952k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$190k
Closing costs
1%
$9,520
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,728
Total Expenses
$8,323
Mortgage P&I
142%
$5,275
Property Taxes
25%
$918
Home Insurance
9%
$341
HOA
0%
$0
Property Management
15%
$559
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$932