This property looks like a bad Airbnb investment with a projected -20.54% first-year return on $230k initial cash invested.
-20.54%
Cash On Cash
1.82%
Cap Rate
0.28
DSCR
$4,813
Rent
-$3,929
Cashflow
Cash Flow
$4,813 income − $8,742 expenses = $3,929 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$230k
Downpayment
20%
$190k
Closing costs
1%
$9,500
Rehab
0%
$0
Furnishing
3%
$30,000
Cashflow
Total Income
$4,813
Total Expenses
$8,742
Mortgage P&I
108%
$5,179
Property Taxes
19%
$920
Home Insurance
7%
$332
HOA
0%
$0
Property Management
15%
$722
CapEx
4%
$193
Vacancy
0%
$0
Maintenance
4%
$193
Other
25%
$1,203