This property looks like a bad Airbnb investment with a projected -17.23% first-year return on $224k initial cash invested.
-17.23%
Cash On Cash
2.42%
Cap Rate
0.4
DSCR
$5,829
Rent
-$3,213
Cashflow
Cash Flow
$5,829 income − $9,042 expenses = $3,213 out of pocket
Investment Breakdown
|
Purchase Price
$980k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$196k
Closing costs
1%
$9,796
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,829
Total Expenses
$9,042
Mortgage P&I
85%
$4,959
Property Taxes
16%
$940
Home Insurance
6%
$346
HOA
0%
$0
Property Management
15%
$874
CapEx
4%
$233
Vacancy
0%
$0
Maintenance
4%
$233
Other
25%
$1,457