This property looks like a bad Airbnb investment with a projected -25.17% first-year return on $258k initial cash invested.
-25.17%
Cash On Cash
0.67%
Cap Rate
0.11
DSCR
$4,816
Rent
-$5,402
Cashflow
Cash Flow
$4,816 income − $10,218 expenses = $5,402 out of pocket
Investment Breakdown
|
Purchase Price
$1141k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$258k
Downpayment
20%
$228k
Closing costs
1%
$11,406
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,816
Total Expenses
$10,218
Mortgage P&I
121%
$5,848
Property Taxes
25%
$1,197
Home Insurance
9%
$420
HOA
9%
$441
Property Management
15%
$722
CapEx
4%
$193
Vacancy
0%
$0
Maintenance
4%
$193
Other
25%
$1,204