This property looks like a bad Airbnb investment with a projected -41.64% first-year return on $211k initial cash invested.
-41.64%
Cash On Cash
-3.09%
Cap Rate
-0.48
DSCR
$1,367
Rent
-$7,339
Cashflow
Cash Flow
$1,367 income − $8,706 expenses = $7,339 out of pocket
Investment Breakdown
|
Purchase Price
$921k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$211k
Downpayment
20%
$184k
Closing costs
1%
$9,214
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,367
Total Expenses
$8,706
Mortgage P&I
359%
$4,911
Property Taxes
92%
$1,263
Home Insurance
33%
$453
HOA
104%
$1,422
Property Management
15%
$205
CapEx
4%
$55
Vacancy
0%
$0
Maintenance
4%
$55
Other
25%
$342