This property looks like a bad Airbnb investment with a projected -14.92% first-year return on $221k initial cash invested.
-14.92%
Cash On Cash
3.41%
Cap Rate
0.52
DSCR
$6,015
Rent
-$2,745
Cashflow
Cash Flow
$6,015 income − $8,760 expenses = $2,745 out of pocket
Investment Breakdown
|
Purchase Price
$966k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$193k
Closing costs
1%
$9,657
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,015
Total Expenses
$8,760
Mortgage P&I
87%
$5,247
Property Taxes
5%
$275
Home Insurance
6%
$350
HOA
0%
$0
Property Management
15%
$902
CapEx
4%
$241
Vacancy
0%
$0
Maintenance
4%
$241
Other
25%
$1,504