This property looks like a bad Airbnb investment with a projected -18.41% first-year return on $220k initial cash invested.
-18.41%
Cash On Cash
2.25%
Cap Rate
0.36
DSCR
$4,792
Rent
-$3,379
Cashflow
Cash Flow
$4,792 income − $8,171 expenses = $3,379 out of pocket
Investment Breakdown
|
Purchase Price
$963k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$193k
Closing costs
1%
$9,632
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,792
Total Expenses
$8,171
Mortgage P&I
104%
$4,997
Property Taxes
10%
$497
Home Insurance
8%
$376
HOA
0%
$0
Property Management
15%
$719
CapEx
4%
$192
Vacancy
0%
$0
Maintenance
4%
$192
Other
25%
$1,198