This property looks like a bad Airbnb investment with a projected -20.56% first-year return on $221k initial cash invested.
-20.56%
Cash On Cash
1.94%
Cap Rate
0.3
DSCR
$4,090
Rent
-$3,789
Cashflow
Cash Flow
$4,090 income − $7,879 expenses = $3,789 out of pocket
Investment Breakdown
|
Purchase Price
$967k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$193k
Closing costs
1%
$9,674
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,090
Total Expenses
$7,879
Mortgage P&I
127%
$5,192
Property Taxes
7%
$273
Home Insurance
11%
$450
HOA
0%
$0
Property Management
15%
$614
CapEx
4%
$164
Vacancy
0%
$0
Maintenance
4%
$164
Other
25%
$1,022