This property looks like a bad Airbnb investment with a projected -18.43% first-year return on $212k initial cash invested.
-18.43%
Cash On Cash
2.68%
Cap Rate
0.41
DSCR
$5,942
Rent
-$3,258
Cashflow
Cash Flow
$5,942 income − $9,200 expenses = $3,258 out of pocket
Investment Breakdown
|
Purchase Price
$925k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$212k
Downpayment
20%
$185k
Closing costs
1%
$9,245
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,942
Total Expenses
$9,200
Mortgage P&I
86%
$5,083
Property Taxes
13%
$784
Home Insurance
6%
$350
HOA
2%
$130
Property Management
15%
$891
CapEx
4%
$238
Vacancy
0%
$0
Maintenance
4%
$238
Other
25%
$1,486