This property looks like a bad Airbnb investment with a projected -13.41% first-year return on $214k initial cash invested.
-13.41%
Cash On Cash
3.29%
Cap Rate
0.54
DSCR
$5,725
Rent
-$2,395
Cashflow
Cash Flow
$5,725 income − $8,120 expenses = $2,395 out of pocket
Investment Breakdown
|
Purchase Price
$935k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$187k
Closing costs
1%
$9,350
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,725
Total Expenses
$8,120
Mortgage P&I
83%
$4,733
Property Taxes
5%
$312
Home Insurance
6%
$327
HOA
0%
$0
Property Management
15%
$859
CapEx
4%
$229
Vacancy
0%
$0
Maintenance
4%
$229
Other
25%
$1,431