This property looks like a bad Airbnb investment with a projected -35.82% first-year return on $260k initial cash invested.
-35.82%
Cash On Cash
-1.54%
Cap Rate
-0.24
DSCR
$0
Rent
-$7,747
Cashflow
Cash Flow
$0 income − $7,747 expenses = $7,747 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$260k
Downpayment
20%
$230k
Closing costs
1%
$11,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$0
Total Expenses
$7,747
Mortgage P&I
62720000%
$6,272
Property Taxes
10730000%
$1,073
Home Insurance
4020000%
$402
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0