This property looks like a bad Airbnb investment with a projected -33.19% first-year return on $268k initial cash invested.
-33.19%
Cash On Cash
-0.82%
Cap Rate
-0.12
DSCR
$1,719
Rent
-$7,403
Cashflow
Cash Flow
$1,719 income − $9,122 expenses = $7,403 out of pocket
Investment Breakdown
|
Purchase Price
$1189k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$268k
Downpayment
20%
$238k
Closing costs
1%
$11,890
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,719
Total Expenses
$9,122
Mortgage P&I
380%
$6,526
Property Taxes
67%
$1,159
Home Insurance
24%
$416
HOA
11%
$195
Property Management
15%
$258
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$430