This property looks like a bad Airbnb investment with a projected -24.77% first-year return on $223k initial cash invested.
-24.77%
Cash On Cash
1.01%
Cap Rate
0.16
DSCR
$3,850
Rent
-$4,612
Cashflow
Cash Flow
$3,850 income − $8,462 expenses = $4,612 out of pocket
Investment Breakdown
|
Purchase Price
$978k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$196k
Closing costs
1%
$9,782
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,850
Total Expenses
$8,462
Mortgage P&I
137%
$5,284
Property Taxes
25%
$962
Home Insurance
10%
$368
HOA
0%
$0
Property Management
15%
$578
CapEx
4%
$154
Vacancy
0%
$0
Maintenance
4%
$154
Other
25%
$962