This property looks like a bad Airbnb investment with a projected -28.65% first-year return on $226k initial cash invested.
-28.65%
Cash On Cash
-0.22%
Cap Rate
-0.04
DSCR
$1,963
Rent
-$5,386
Cashflow
Cash Flow
$1,963 income − $7,349 expenses = $5,386 out of pocket
Investment Breakdown
|
Purchase Price
$989k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,885
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,963
Total Expenses
$7,349
Mortgage P&I
261%
$5,124
Property Taxes
47%
$932
Home Insurance
18%
$350
HOA
0%
$0
Property Management
15%
$294
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$491