This property looks like a bad Airbnb investment with a projected -26.7% first-year return on $219k initial cash invested.
-26.7%
Cash On Cash
0.57%
Cap Rate
0.09
DSCR
$3,223
Rent
-$4,862
Cashflow
Cash Flow
$3,223 income − $8,085 expenses = $4,862 out of pocket
Investment Breakdown
|
Purchase Price
$955k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$219k
Downpayment
20%
$191k
Closing costs
1%
$9,548
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,223
Total Expenses
$8,085
Mortgage P&I
161%
$5,187
Property Taxes
31%
$994
Home Insurance
11%
$357
HOA
0%
$0
Property Management
15%
$483
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$806