This property looks like a bad Airbnb investment with a projected -18.18% first-year return on $218k initial cash invested.
-18.18%
Cash On Cash
2.46%
Cap Rate
0.39
DSCR
$5,532
Rent
-$3,301
Cashflow
Cash Flow
$5,532 income − $8,833 expenses = $3,301 out of pocket
Investment Breakdown
|
Purchase Price
$952k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$190k
Closing costs
1%
$9,520
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,532
Total Expenses
$8,833
Mortgage P&I
91%
$5,031
Property Taxes
13%
$732
Home Insurance
8%
$415
HOA
0%
$0
Property Management
15%
$830
CapEx
4%
$221
Vacancy
0%
$0
Maintenance
4%
$221
Other
25%
$1,383