This property looks like a bad Airbnb investment with a projected -25.81% first-year return on $228k initial cash invested.
-25.81%
Cash On Cash
0.43%
Cap Rate
0.07
DSCR
$3,313
Rent
-$4,899
Cashflow
Cash Flow
$3,313 income − $8,212 expenses = $4,899 out of pocket
Investment Breakdown
|
Purchase Price
$999k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$9,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,313
Total Expenses
$8,212
Mortgage P&I
155%
$5,122
Property Taxes
35%
$1,149
Home Insurance
11%
$350
HOA
0%
$0
Property Management
15%
$497
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$828