This property looks like a bad Airbnb investment with a projected -18.63% first-year return on $226k initial cash invested.
-18.63%
Cash On Cash
2.33%
Cap Rate
0.37
DSCR
$6,176
Rent
-$3,504
Cashflow
Cash Flow
$6,176 income − $9,680 expenses = $3,504 out of pocket
Investment Breakdown
|
Purchase Price
$989k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,890
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,176
Total Expenses
$9,680
Mortgage P&I
84%
$5,175
Property Taxes
16%
$964
Home Insurance
6%
$346
HOA
4%
$231
Property Management
15%
$926
CapEx
4%
$247
Vacancy
0%
$0
Maintenance
4%
$247
Other
25%
$1,544