This property looks like a bad Airbnb investment with a projected -27.73% first-year return on $235k initial cash invested.
-27.73%
Cash On Cash
0.6%
Cap Rate
0.09
DSCR
$2,304
Rent
-$5,430
Cashflow
Cash Flow
$2,304 income − $7,734 expenses = $5,430 out of pocket
Investment Breakdown
|
Purchase Price
$1033k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$235k
Downpayment
20%
$207k
Closing costs
1%
$10,332
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,304
Total Expenses
$7,734
Mortgage P&I
254%
$5,858
Property Taxes
17%
$385
Home Insurance
17%
$385
HOA
0%
$0
Property Management
15%
$346
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$576