This property looks like a bad Airbnb investment with a projected -32.96% first-year return on $288k initial cash invested.
-32.96%
Cash On Cash
-0.59%
Cap Rate
-0.09
DSCR
$2,978
Rent
-$7,908
Cashflow
Cash Flow
$2,978 income − $10,886 expenses = $7,908 out of pocket
Investment Breakdown
|
Purchase Price
$1285k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$288k
Downpayment
20%
$257k
Closing costs
1%
$12,854
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,978
Total Expenses
$10,886
Mortgage P&I
240%
$7,154
Property Taxes
56%
$1,675
Home Insurance
21%
$628
HOA
0%
$0
Property Management
15%
$447
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$744