This property looks like a bad Airbnb investment with a projected -28.81% first-year return on $265k initial cash invested.
-28.81%
Cash On Cash
0.25%
Cap Rate
0.04
DSCR
$2,596
Rent
-$6,357
Cashflow
Cash Flow
$2,596 income − $8,953 expenses = $6,357 out of pocket
Investment Breakdown
|
Purchase Price
$1175k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$265k
Downpayment
20%
$235k
Closing costs
1%
$11,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,596
Total Expenses
$8,953
Mortgage P&I
250%
$6,497
Property Taxes
31%
$799
Home Insurance
16%
$411
HOA
0%
$0
Property Management
15%
$389
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$649