This property looks like a bad Airbnb investment with a projected -26.12% first-year return on $218k initial cash invested.
-26.12%
Cash On Cash
0.84%
Cap Rate
0.13
DSCR
$4,371
Rent
-$4,734
Cashflow
Cash Flow
$4,371 income − $9,105 expenses = $4,734 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$190k
Closing costs
1%
$9,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,371
Total Expenses
$9,105
Mortgage P&I
119%
$5,222
Property Taxes
33%
$1,452
Home Insurance
8%
$332
HOA
0%
$0
Property Management
15%
$656
CapEx
4%
$175
Vacancy
0%
$0
Maintenance
4%
$175
Other
25%
$1,093