This property looks like a bad Airbnb investment with a projected -22.16% first-year return on $238k initial cash invested.
-22.16%
Cash On Cash
1.87%
Cap Rate
0.28
DSCR
$5,939
Rent
-$4,393
Cashflow
Cash Flow
$5,939 income − $10,332 expenses = $4,393 out of pocket
Investment Breakdown
|
Purchase Price
$1047k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$238k
Downpayment
20%
$209k
Closing costs
1%
$10,473
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,939
Total Expenses
$10,332
Mortgage P&I
98%
$5,791
Property Taxes
22%
$1,306
Home Insurance
6%
$383
HOA
0%
$0
Property Management
15%
$891
CapEx
4%
$238
Vacancy
0%
$0
Maintenance
4%
$238
Other
25%
$1,485