This property looks like a bad Airbnb investment with a projected -22.56% first-year return on $244k initial cash invested.
-22.56%
Cash On Cash
1.13%
Cap Rate
0.19
DSCR
$3,512
Rent
-$4,588
Cashflow
Cash Flow
$3,512 income − $8,100 expenses = $4,588 out of pocket
Investment Breakdown
|
Purchase Price
$1076k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$244k
Downpayment
20%
$215k
Closing costs
1%
$10,764
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,512
Total Expenses
$8,100
Mortgage P&I
156%
$5,466
Property Taxes
15%
$511
Home Insurance
12%
$438
HOA
0%
$0
Property Management
15%
$527
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$878