This property looks like a bad Airbnb investment with a projected -23.85% first-year return on $267k initial cash invested.
-23.85%
Cash On Cash
1.09%
Cap Rate
0.17
DSCR
$3,333
Rent
-$5,312
Cashflow
Cash Flow
$3,333 income − $8,645 expenses = $5,312 out of pocket
Investment Breakdown
|
Purchase Price
$1187k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$267k
Downpayment
20%
$237k
Closing costs
1%
$11,870
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,333
Total Expenses
$8,645
Mortgage P&I
188%
$6,255
Property Taxes
10%
$345
Home Insurance
13%
$446
HOA
0%
$0
Property Management
15%
$500
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$833