This property looks like a bad Airbnb investment with a projected -25.16% first-year return on $223k initial cash invested.
-25.16%
Cash On Cash
0.69%
Cap Rate
0.11
DSCR
$2,351
Rent
-$4,671
Cashflow
Cash Flow
$2,351 income − $7,022 expenses = $4,671 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$195k
Closing costs
1%
$9,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,351
Total Expenses
$7,022
Mortgage P&I
219%
$5,140
Property Taxes
18%
$412
Home Insurance
14%
$341
HOA
0%
$0
Property Management
15%
$353
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$588