This property looks like a bad Airbnb investment with a projected -8.05% first-year return on $227k initial cash invested.
-8.05%
Cash On Cash
4.69%
Cap Rate
0.78
DSCR
$10,072
Rent
-$1,523
Cashflow
Cash Flow
$10,072 income − $11,595 expenses = $1,523 out of pocket
Investment Breakdown
|
Purchase Price
$995k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$227k
Downpayment
20%
$199k
Closing costs
1%
$9,951
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$10,072
Total Expenses
$11,595
Mortgage P&I
50%
$5,007
Property Taxes
10%
$1,050
Home Insurance
4%
$359
HOA
3%
$344
Property Management
15%
$1,511
CapEx
4%
$403
Vacancy
0%
$0
Maintenance
4%
$403
Other
25%
$2,518