This property looks like a bad Airbnb investment with a projected -14.82% first-year return on $224k initial cash invested.
-14.82%
Cash On Cash
3.64%
Cap Rate
0.55
DSCR
$7,624
Rent
-$2,767
Cashflow
Cash Flow
$7,624 income − $10,391 expenses = $2,767 out of pocket
Investment Breakdown
|
Purchase Price
$981k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,813
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,624
Total Expenses
$10,391
Mortgage P&I
71%
$5,438
Property Taxes
12%
$945
Home Insurance
5%
$348
HOA
0%
$0
Property Management
15%
$1,144
CapEx
4%
$305
Vacancy
0%
$0
Maintenance
4%
$305
Other
25%
$1,906