This property looks like a bad Airbnb investment with a projected -26.88% first-year return on $243k initial cash invested.
-26.88%
Cash On Cash
0.11%
Cap Rate
0.02
DSCR
$1,993
Rent
-$5,438
Cashflow
Cash Flow
$1,993 income − $7,431 expenses = $5,438 out of pocket
Investment Breakdown
|
Purchase Price
$1070k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$243k
Downpayment
20%
$214k
Closing costs
1%
$10,702
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,993
Total Expenses
$7,431
Mortgage P&I
274%
$5,458
Property Taxes
31%
$622
Home Insurance
20%
$394
HOA
0%
$0
Property Management
15%
$299
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$498