This property looks like a bad Airbnb investment with a projected -21.58% first-year return on $213k initial cash invested.
-21.58%
Cash On Cash
1.48%
Cap Rate
0.24
DSCR
$4,203
Rent
-$3,825
Cashflow
Cash Flow
$4,203 income − $8,028 expenses = $3,825 out of pocket
Investment Breakdown
|
Purchase Price
$927k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$213k
Downpayment
20%
$185k
Closing costs
1%
$9,272
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,203
Total Expenses
$8,028
Mortgage P&I
114%
$4,799
Property Taxes
21%
$883
Home Insurance
8%
$329
HOA
0%
$0
Property Management
15%
$630
CapEx
4%
$168
Vacancy
0%
$0
Maintenance
4%
$168
Other
25%
$1,051