This property looks like a bad Airbnb investment with a projected -24.91% first-year return on $214k initial cash invested.
-24.91%
Cash On Cash
0.93%
Cap Rate
0.14
DSCR
$3,498
Rent
-$4,449
Cashflow
Cash Flow
$3,498 income − $7,947 expenses = $4,449 out of pocket
Investment Breakdown
|
Purchase Price
$935k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$187k
Closing costs
1%
$9,349
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,498
Total Expenses
$7,947
Mortgage P&I
144%
$5,033
Property Taxes
24%
$846
Home Insurance
9%
$306
HOA
2%
$83
Property Management
15%
$525
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$874