This property looks like a bad Airbnb investment with a projected -22.42% first-year return on $217k initial cash invested.
-22.42%
Cash On Cash
1.43%
Cap Rate
0.22
DSCR
$3,909
Rent
-$4,063
Cashflow
Cash Flow
$3,909 income − $7,972 expenses = $4,063 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$190k
Closing costs
1%
$9,499
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,909
Total Expenses
$7,972
Mortgage P&I
129%
$5,041
Property Taxes
16%
$625
Home Insurance
8%
$332
HOA
3%
$99
Property Management
15%
$586
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$977