This property looks like a bad Airbnb investment with a projected -26.21% first-year return on $217k initial cash invested.
-26.21%
Cash On Cash
0.24%
Cap Rate
0.04
DSCR
$3,382
Rent
-$4,732
Cashflow
Cash Flow
$3,382 income − $8,114 expenses = $4,732 out of pocket
Investment Breakdown
|
Purchase Price
$946k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$189k
Closing costs
1%
$9,458
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,382
Total Expenses
$8,114
Mortgage P&I
142%
$4,786
Property Taxes
40%
$1,357
Home Insurance
10%
$348
HOA
0%
$0
Property Management
15%
$507
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$846