This property looks like a bad Airbnb investment with a projected -24% first-year return on $226k initial cash invested.
-24%
Cash On Cash
1.26%
Cap Rate
0.19
DSCR
$4,217
Rent
-$4,519
Cashflow
Cash Flow
$4,217 income − $8,736 expenses = $4,519 out of pocket
Investment Breakdown
|
Purchase Price
$990k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,903
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,217
Total Expenses
$8,736
Mortgage P&I
128%
$5,386
Property Taxes
23%
$975
Home Insurance
8%
$350
HOA
0%
$0
Property Management
15%
$633
CapEx
4%
$169
Vacancy
0%
$0
Maintenance
4%
$169
Other
25%
$1,054