This property looks like a bad Airbnb investment with a projected -27.71% first-year return on $216k initial cash invested.
-27.71%
Cash On Cash
0.29%
Cap Rate
0.04
DSCR
$2,897
Rent
-$4,980
Cashflow
Cash Flow
$2,897 income − $7,877 expenses = $4,980 out of pocket
Investment Breakdown
|
Purchase Price
$941k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$188k
Closing costs
1%
$9,412
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,897
Total Expenses
$7,877
Mortgage P&I
176%
$5,091
Property Taxes
31%
$894
Home Insurance
12%
$341
HOA
6%
$160
Property Management
15%
$435
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$724