This property looks like a bad Airbnb investment with a projected -21.92% first-year return on $239k initial cash invested.
-21.92%
Cash On Cash
1.74%
Cap Rate
0.27
DSCR
$4,063
Rent
-$4,357
Cashflow
Cash Flow
$4,063 income − $8,420 expenses = $4,357 out of pocket
Investment Breakdown
|
Purchase Price
$1050k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$239k
Downpayment
20%
$210k
Closing costs
1%
$10,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,063
Total Expenses
$8,420
Mortgage P&I
141%
$5,713
Property Taxes
10%
$388
Home Insurance
9%
$368
HOA
0%
$0
Property Management
15%
$609
CapEx
4%
$163
Vacancy
0%
$0
Maintenance
4%
$163
Other
25%
$1,016