This property looks like a bad Airbnb investment with a projected -27.31% first-year return on $228k initial cash invested.
-27.31%
Cash On Cash
0.52%
Cap Rate
0.08
DSCR
$2,551
Rent
-$5,180
Cashflow
Cash Flow
$2,551 income − $7,731 expenses = $5,180 out of pocket
Investment Breakdown
|
Purchase Price
$998k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$9,980
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,551
Total Expenses
$7,731
Mortgage P&I
216%
$5,514
Property Taxes
16%
$413
Home Insurance
14%
$349
HOA
9%
$230
Property Management
15%
$383
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$638