This property looks like a bad Airbnb investment with a projected -26.22% first-year return on $247k initial cash invested.
-26.22%
Cash On Cash
0.56%
Cap Rate
0.09
DSCR
$2,661
Rent
-$5,387
Cashflow
Cash Flow
$2,661 income − $8,048 expenses = $5,387 out of pocket
Investment Breakdown
|
Purchase Price
$1088k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$247k
Downpayment
20%
$218k
Closing costs
1%
$10,882
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,661
Total Expenses
$8,048
Mortgage P&I
218%
$5,792
Property Taxes
22%
$578
Home Insurance
15%
$402
HOA
0%
$0
Property Management
15%
$399
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$665