This property looks like a bad Airbnb investment with a projected -28.91% first-year return on $214k initial cash invested.
-28.91%
Cash On Cash
-0.4%
Cap Rate
-0.07
DSCR
$1,680
Rent
-$5,166
Cashflow
Cash Flow
$1,680 income − $6,846 expenses = $5,166 out of pocket
Investment Breakdown
|
Purchase Price
$936k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$187k
Closing costs
1%
$9,355
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,680
Total Expenses
$6,846
Mortgage P&I
285%
$4,787
Property Taxes
55%
$924
Home Insurance
20%
$329
HOA
0%
$0
Property Management
15%
$252
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$420