This property looks like a bad Airbnb investment with a projected -25.77% first-year return on $213k initial cash invested.
-25.77%
Cash On Cash
1.07%
Cap Rate
0.16
DSCR
$3,408
Rent
-$4,575
Cashflow
Cash Flow
$3,408 income − $7,983 expenses = $4,575 out of pocket
Investment Breakdown
|
Purchase Price
$929k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$213k
Downpayment
20%
$186k
Closing costs
1%
$9,288
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,408
Total Expenses
$7,983
Mortgage P&I
154%
$5,264
Property Taxes
21%
$706
Home Insurance
8%
$280
HOA
3%
$98
Property Management
15%
$511
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$852