This property looks like a bad Airbnb investment with a projected -30.68% first-year return on $232k initial cash invested.
-30.68%
Cash On Cash
-0.08%
Cap Rate
-0.01
DSCR
$2,152
Rent
-$5,941
Cashflow
Cash Flow
$2,152 income − $8,093 expenses = $5,941 out of pocket
Investment Breakdown
|
Purchase Price
$1021k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$232k
Downpayment
20%
$204k
Closing costs
1%
$10,209
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,152
Total Expenses
$8,093
Mortgage P&I
269%
$5,786
Property Taxes
42%
$910
Home Insurance
17%
$364
HOA
0%
$0
Property Management
15%
$323
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$538