This property looks like a bad Airbnb investment with a projected -27.47% first-year return on $223k initial cash invested.
-27.47%
Cash On Cash
0.69%
Cap Rate
0.1
DSCR
$3,336
Rent
-$5,116
Cashflow
Cash Flow
$3,336 income − $8,452 expenses = $5,116 out of pocket
Investment Breakdown
|
Purchase Price
$978k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$196k
Closing costs
1%
$9,784
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,336
Total Expenses
$8,452
Mortgage P&I
166%
$5,545
Property Taxes
29%
$957
Home Insurance
10%
$350
HOA
0%
$0
Property Management
15%
$500
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$834