This property looks like a bad Airbnb investment with a projected -14.11% first-year return on $268k initial cash invested.
-14.11%
Cash On Cash
4.09%
Cap Rate
0.59
DSCR
$9,205
Rent
-$3,151
Cashflow
Cash Flow
$9,205 income − $12,356 expenses = $3,151 out of pocket
Investment Breakdown
|
Purchase Price
$1191k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$268k
Downpayment
20%
$238k
Closing costs
1%
$11,908
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$9,205
Total Expenses
$12,356
Mortgage P&I
74%
$6,837
Property Taxes
7%
$663
Home Insurance
5%
$438
HOA
0%
$0
Property Management
15%
$1,381
CapEx
4%
$368
Vacancy
0%
$0
Maintenance
4%
$368
Other
25%
$2,301