This property looks like a bad Airbnb investment with a projected -23.64% first-year return on $227k initial cash invested.
-23.64%
Cash On Cash
0.82%
Cap Rate
0.13
DSCR
$2,162
Rent
-$4,470
Cashflow
Cash Flow
$2,162 income − $6,632 expenses = $4,470 out of pocket
Investment Breakdown
|
Purchase Price
$995k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$227k
Downpayment
20%
$199k
Closing costs
1%
$9,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,162
Total Expenses
$6,632
Mortgage P&I
234%
$5,063
Property Taxes
9%
$185
Home Insurance
16%
$348
HOA
0%
$0
Property Management
15%
$324
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$540