This property looks like a bad Airbnb investment with a projected -27.3% first-year return on $212k initial cash invested.
-27.3%
Cash On Cash
0.49%
Cap Rate
0.07
DSCR
$2,962
Rent
-$4,829
Cashflow
Cash Flow
$2,962 income − $7,791 expenses = $4,829 out of pocket
Investment Breakdown
|
Purchase Price
$925k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$212k
Downpayment
20%
$185k
Closing costs
1%
$9,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,962
Total Expenses
$7,791
Mortgage P&I
172%
$5,087
Property Taxes
32%
$960
Home Insurance
11%
$324
HOA
0%
$0
Property Management
15%
$444
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$740