This property looks like a bad Airbnb investment with a projected -20.98% first-year return on $227k initial cash invested.
-20.98%
Cash On Cash
1.49%
Cap Rate
0.24
DSCR
$3,614
Rent
-$3,967
Cashflow
Cash Flow
$3,614 income − $7,581 expenses = $3,967 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
$3,614
Total Expenses
$7,581
Mortgage P&I
140%
$5,060
Property Taxes
11%
$408
Home Insurance
10%
$348
HOA
1%
$29
Property Management
15%
$542
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$904