This property looks like a bad Airbnb investment with a projected -22.48% first-year return on $229k initial cash invested.
-22.48%
Cash On Cash
1.21%
Cap Rate
0.2
DSCR
$4,469
Rent
-$4,281
Cashflow
Cash Flow
$4,469 income − $8,750 expenses = $4,281 out of pocket
Investment Breakdown
|
Purchase Price
$1002k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$229k
Downpayment
20%
$200k
Closing costs
1%
$10,024
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,469
Total Expenses
$8,750
Mortgage P&I
114%
$5,111
Property Taxes
22%
$969
Home Insurance
12%
$525
HOA
0%
$0
Property Management
15%
$670
CapEx
4%
$179
Vacancy
0%
$0
Maintenance
4%
$179
Other
25%
$1,117