This property looks like a bad Airbnb investment with a projected -17.59% first-year return on $219k initial cash invested.
-17.59%
Cash On Cash
2.33%
Cap Rate
0.38
DSCR
$5,570
Rent
-$3,204
Cashflow
Cash Flow
$5,570 income − $8,774 expenses = $3,204 out of pocket
Investment Breakdown
|
Purchase Price
$955k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$219k
Downpayment
20%
$191k
Closing costs
1%
$9,549
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,570
Total Expenses
$8,774
Mortgage P&I
87%
$4,834
Property Taxes
17%
$934
Home Insurance
6%
$332
HOA
0%
$0
Property Management
15%
$836
CapEx
4%
$223
Vacancy
0%
$0
Maintenance
4%
$223
Other
25%
$1,392