This property looks like a bad Airbnb investment with a projected -28.66% first-year return on $209k initial cash invested.
-28.66%
Cash On Cash
0.19%
Cap Rate
0.03
DSCR
$2,413
Rent
-$4,994
Cashflow
Cash Flow
$2,413 income − $7,407 expenses = $4,994 out of pocket
Investment Breakdown
|
Purchase Price
$910k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$182k
Closing costs
1%
$9,100
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,413
Total Expenses
$7,407
Mortgage P&I
209%
$5,043
Property Taxes
37%
$887
Home Insurance
13%
$318
HOA
0%
$0
Property Management
15%
$362
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$603