This property looks like a bad Airbnb investment with a projected -23.1% first-year return on $220k initial cash invested.
-23.1%
Cash On Cash
1.19%
Cap Rate
0.19
DSCR
$3,164
Rent
-$4,231
Cashflow
Cash Flow
$3,164 income − $7,395 expenses = $4,231 out of pocket
Investment Breakdown
|
Purchase Price
$961k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$192k
Closing costs
1%
$9,609
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,164
Total Expenses
$7,395
Mortgage P&I
160%
$5,057
Property Taxes
15%
$468
Home Insurance
11%
$350
HOA
0%
$0
Property Management
15%
$475
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$791