This property looks like a bad Airbnb investment with a projected -21.93% first-year return on $227k initial cash invested.
-21.93%
Cash On Cash
1.23%
Cap Rate
0.2
DSCR
$3,027
Rent
-$4,148
Cashflow
Cash Flow
$3,027 income − $7,175 expenses = $4,148 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%
$9,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,027
Total Expenses
$7,175
Mortgage P&I
167%
$5,044
Property Taxes
11%
$330
Home Insurance
12%
$348
HOA
0%
$0
Property Management
15%
$454
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$757