This property looks like a bad Airbnb investment with a projected -23.22% first-year return on $234k initial cash invested.
-23.22%
Cash On Cash
0.99%
Cap Rate
0.16
DSCR
$3,828
Rent
-$4,521
Cashflow
Cash Flow
$3,828 income − $8,349 expenses = $4,521 out of pocket
Investment Breakdown
|
Purchase Price
$1027k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$205k
Closing costs
1%
$10,268
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,828
Total Expenses
$8,349
Mortgage P&I
136%
$5,219
Property Taxes
22%
$856
Home Insurance
11%
$437
HOA
0%
$0
Property Management
15%
$574
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$957