This property looks like a bad Airbnb investment with a projected -19.27% first-year return on $209k initial cash invested.
-19.27%
Cash On Cash
1.86%
Cap Rate
0.31
DSCR
$3,796
Rent
-$3,361
Cashflow
Cash Flow
$3,796 income − $7,157 expenses = $3,361 out of pocket
Investment Breakdown
|
Purchase Price
$911k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$182k
Closing costs
1%
$9,108
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,796
Total Expenses
$7,157
Mortgage P&I
122%
$4,620
Property Taxes
10%
$388
Home Insurance
9%
$327
HOA
0%
$0
Property Management
15%
$569
CapEx
4%
$152
Vacancy
0%
$0
Maintenance
4%
$152
Other
25%
$949