This property looks like a bad Airbnb investment with a projected -28.1% first-year return on $217k initial cash invested.
-28.1%
Cash On Cash
0.54%
Cap Rate
0.08
DSCR
$3,393
Rent
-$5,087
Cashflow
Cash Flow
$3,393 income − $8,480 expenses = $5,087 out of pocket
Investment Breakdown
|
Purchase Price
$949k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$190k
Closing costs
1%
$9,488
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,393
Total Expenses
$8,480
Mortgage P&I
159%
$5,378
Property Taxes
25%
$837
Home Insurance
10%
$329
HOA
9%
$307
Property Management
15%
$509
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$848