This property looks like a bad Airbnb investment with a projected -21.65% first-year return on $235k initial cash invested.
-21.65%
Cash On Cash
1.97%
Cap Rate
0.3
DSCR
$5,588
Rent
-$4,244
Cashflow
Cash Flow
$5,588 income − $9,832 expenses = $4,244 out of pocket
Investment Breakdown
|
Purchase Price
$1034k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$235k
Downpayment
20%
$207k
Closing costs
1%
$10,342
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,588
Total Expenses
$9,832
Mortgage P&I
102%
$5,719
Property Taxes
18%
$992
Home Insurance
8%
$438
HOA
0%
$0
Property Management
15%
$838
CapEx
4%
$224
Vacancy
0%
$0
Maintenance
4%
$224
Other
25%
$1,397