This property looks like a bad Airbnb investment with a projected -26.81% first-year return on $225k initial cash invested.
-26.81%
Cash On Cash
0.56%
Cap Rate
0.09
DSCR
$2,534
Rent
-$5,019
Cashflow
Cash Flow
$2,534 income − $7,553 expenses = $5,019 out of pocket
Investment Breakdown
|
Purchase Price
$984k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$197k
Closing costs
1%
$9,842
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,534
Total Expenses
$7,553
Mortgage P&I
212%
$5,378
Property Taxes
24%
$610
Home Insurance
14%
$349
HOA
0%
$0
Property Management
15%
$380
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$634