This property looks like a bad Airbnb investment with a projected -18.29% first-year return on $218k initial cash invested.
-18.29%
Cash On Cash
2.56%
Cap Rate
0.39
DSCR
$4,241
Rent
-$3,315
Cashflow
Cash Flow
$4,241 income − $7,556 expenses = $3,315 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$190k
Closing costs
1%
$9,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,241
Total Expenses
$7,556
Mortgage P&I
122%
$5,168
Property Taxes
0%
$20
Home Insurance
8%
$332
HOA
0%
$0
Property Management
15%
$636
CapEx
4%
$170
Vacancy
0%
$0
Maintenance
4%
$170
Other
25%
$1,060