This property looks like a bad Airbnb investment with a projected -34.55% first-year return on $211k initial cash invested.
-34.55%
Cash On Cash
-1.3%
Cap Rate
-0.2
DSCR
$1,180
Rent
-$6,069
Cashflow
Cash Flow
$1,180 income − $7,249 expenses = $6,069 out of pocket
Investment Breakdown
|
Purchase Price
$918k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$211k
Downpayment
20%
$184k
Closing costs
1%
$9,181
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,180
Total Expenses
$7,249
Mortgage P&I
426%
$5,026
Property Taxes
83%
$977
Home Insurance
28%
$329
HOA
30%
$351
Property Management
15%
$177
CapEx
4%
$47
Vacancy
0%
$0
Maintenance
4%
$47
Other
25%
$295