This property looks like a bad Airbnb investment with a projected -16.74% first-year return on $224k initial cash invested.
-16.74%
Cash On Cash
3.32%
Cap Rate
0.49
DSCR
$6,998
Rent
-$3,119
Cashflow
Cash Flow
$6,998 income − $10,117 expenses = $3,119 out of pocket
Investment Breakdown
|
Purchase Price
$979k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,790
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,998
Total Expenses
$10,117
Mortgage P&I
79%
$5,549
Property Taxes
12%
$865
Home Insurance
5%
$343
HOA
0%
$0
Property Management
15%
$1,050
CapEx
4%
$280
Vacancy
0%
$0
Maintenance
4%
$280
Other
25%
$1,750