This property looks like a bad Airbnb investment with a projected -29.4% first-year return on $228k initial cash invested.
-29.4%
Cash On Cash
0.06%
Cap Rate
0.01
DSCR
$2,474
Rent
-$5,581
Cashflow
Cash Flow
$2,474 income − $8,055 expenses = $5,581 out of pocket
Investment Breakdown
|
Purchase Price
$999k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$200k
Closing costs
1%
$9,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,474
Total Expenses
$8,055
Mortgage P&I
224%
$5,536
Property Taxes
40%
$982
Home Insurance
14%
$350
HOA
0%
$0
Property Management
15%
$371
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$618