This property looks like a bad Airbnb investment with a projected -13.12% first-year return on $213k initial cash invested.
-13.12%
Cash On Cash
3.39%
Cap Rate
0.56
DSCR
$5,978
Rent
-$2,331
Cashflow
Cash Flow
$5,978 income − $8,309 expenses = $2,331 out of pocket
Investment Breakdown
|
Purchase Price
$929k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$213k
Downpayment
20%
$186k
Closing costs
1%
$9,292
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,978
Total Expenses
$8,309
Mortgage P&I
79%
$4,718
Property Taxes
5%
$323
Home Insurance
6%
$332
HOA
1%
$67
Property Management
15%
$897
CapEx
4%
$239
Vacancy
0%
$0
Maintenance
4%
$239
Other
25%
$1,494