This property looks like a bad Airbnb investment with a projected -17.61% first-year return on $219k initial cash invested.
-17.61%
Cash On Cash
2.23%
Cap Rate
0.38
DSCR
$6,475
Rent
-$3,221
Cashflow
Cash Flow
$6,475 income − $9,696 expenses = $3,221 out of pocket
Investment Breakdown
|
Purchase Price
$960k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$219k
Downpayment
20%
$192k
Closing costs
1%
$9,595
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,475
Total Expenses
$9,696
Mortgage P&I
73%
$4,745
Property Taxes
22%
$1,406
Home Insurance
7%
$437
HOA
0%
$0
Property Management
15%
$971
CapEx
4%
$259
Vacancy
0%
$0
Maintenance
4%
$259
Other
25%
$1,619