This property looks like a bad Airbnb investment with a projected -22.41% first-year return on $241k initial cash invested.
-22.41%
Cash On Cash
1.51%
Cap Rate
0.24
DSCR
$5,336
Rent
-$4,491
Cashflow
Cash Flow
$5,336 income − $9,827 expenses = $4,491 out of pocket
Investment Breakdown
|
Purchase Price
$1060k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$241k
Downpayment
20%
$212k
Closing costs
1%
$10,596
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,336
Total Expenses
$9,827
Mortgage P&I
105%
$5,612
Property Taxes
23%
$1,218
Home Insurance
8%
$437
HOA
0%
$0
Property Management
15%
$800
CapEx
4%
$213
Vacancy
0%
$0
Maintenance
4%
$213
Other
25%
$1,334