This property looks like a bad Airbnb investment with a projected -21.92% first-year return on $222k initial cash invested.
-21.92%
Cash On Cash
2.04%
Cap Rate
0.3
DSCR
$5,011
Rent
-$4,060
Cashflow
Cash Flow
$5,011 income − $9,071 expenses = $4,060 out of pocket
Investment Breakdown
|
Purchase Price
$973k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$195k
Closing costs
1%
$9,727
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,011
Total Expenses
$9,071
Mortgage P&I
110%
$5,513
Property Taxes
16%
$826
Home Insurance
7%
$327
HOA
0%
$0
Property Management
15%
$752
CapEx
4%
$200
Vacancy
0%
$0
Maintenance
4%
$200
Other
25%
$1,253