This property looks like a bad Airbnb investment with a projected -27.39% first-year return on $224k initial cash invested.
-27.39%
Cash On Cash
-0.13%
Cap Rate
-0.02
DSCR
$3,122
Rent
-$5,122
Cashflow
Cash Flow
$3,122 income − $8,244 expenses = $5,122 out of pocket
Investment Breakdown
|
Purchase Price
$983k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$197k
Closing costs
1%
$9,827
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,122
Total Expenses
$8,244
Mortgage P&I
157%
$4,892
Property Taxes
48%
$1,511
Home Insurance
11%
$343
HOA
0%
$0
Property Management
15%
$468
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$780