This property looks like a bad Airbnb investment with a projected -30.52% first-year return on $257k initial cash invested.
-30.52%
Cash On Cash
-0.04%
Cap Rate
-0.01
DSCR
$2,884
Rent
-$6,546
Cashflow
Cash Flow
$2,884 income − $9,430 expenses = $6,546 out of pocket
Investment Breakdown
|
Purchase Price
$1140k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$257k
Downpayment
20%
$228k
Closing costs
1%
$11,399
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,884
Total Expenses
$9,430
Mortgage P&I
222%
$6,394
Property Taxes
40%
$1,146
Home Insurance
14%
$411
HOA
3%
$95
Property Management
15%
$433
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$721