This property looks like a bad Airbnb investment with a projected -21.34% first-year return on $209k initial cash invested.
-21.34%
Cash On Cash
1.45%
Cap Rate
0.24
DSCR
$4,032
Rent
-$3,717
Cashflow
Cash Flow
$4,032 income − $7,749 expenses = $3,717 out of pocket
Investment Breakdown
|
Purchase Price
$909k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$182k
Closing costs
1%
$9,094
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,032
Total Expenses
$7,749
Mortgage P&I
115%
$4,653
Property Taxes
21%
$834
Home Insurance
8%
$327
HOA
0%
$0
Property Management
15%
$605
CapEx
4%
$161
Vacancy
0%
$0
Maintenance
4%
$161
Other
25%
$1,008