This property looks like a bad Airbnb investment with a projected -33.43% first-year return on $223k initial cash invested.
-33.43%
Cash On Cash
-1.42%
Cap Rate
-0.23
DSCR
$913
Rent
-$6,200
Cashflow
Cash Flow
$913 income − $7,113 expenses = $6,200 out of pocket
Investment Breakdown
|
Purchase Price
$974k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$195k
Closing costs
1%
$9,742
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$913
Total Expenses
$7,113
Mortgage P&I
549%
$5,009
Property Taxes
144%
$1,315
Home Insurance
38%
$350
HOA
0%
$0
Property Management
15%
$137
CapEx
4%
$37
Vacancy
0%
$0
Maintenance
4%
$37
Other
25%
$228