This property looks like a bad Airbnb investment with a projected -25.88% first-year return on $228k initial cash invested.
-25.88%
Cash On Cash
0.79%
Cap Rate
0.12
DSCR
$3,545
Rent
-$4,909
Cashflow
Cash Flow
$3,545 income − $8,454 expenses = $4,909 out of pocket
Investment Breakdown
|
Purchase Price
$998k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$9,980
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,545
Total Expenses
$8,454
Mortgage P&I
153%
$5,422
Property Taxes
28%
$981
Home Insurance
10%
$349
HOA
0%
$0
Property Management
15%
$532
CapEx
4%
$142
Vacancy
0%
$0
Maintenance
4%
$142
Other
25%
$886