This property looks like a bad Airbnb investment with a projected -24.88% first-year return on $217k initial cash invested.
-24.88%
Cash On Cash
0.66%
Cap Rate
0.11
DSCR
$3,213
Rent
-$4,493
Cashflow
Cash Flow
$3,213 income − $7,706 expenses = $4,493 out of pocket
Investment Breakdown
|
Purchase Price
$946k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$189k
Closing costs
1%
$9,462
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,213
Total Expenses
$7,706
Mortgage P&I
152%
$4,882
Property Taxes
30%
$949
Home Insurance
10%
$332
HOA
0%
$0
Property Management
15%
$482
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$803