This property looks like a bad Airbnb investment with a projected -26.03% first-year return on $228k initial cash invested.
-26.03%
Cash On Cash
0.1%
Cap Rate
0.02
DSCR
$2,091
Rent
-$4,942
Cashflow
Cash Flow
$2,091 income − $7,033 expenses = $4,942 out of pocket
Investment Breakdown
|
Purchase Price
$999k
Downpayment
20.0%
Interest Rate
6.3%
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
$2,091
Total Expenses
$7,033
Mortgage P&I
236%
$4,938
Property Taxes
35%
$740
Home Insurance
17%
$350
HOA
0%
$0
Property Management
15%
$314
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$523