This property looks like a bad Airbnb investment with a projected -22.71% first-year return on $232k initial cash invested.
-22.71%
Cash On Cash
1.59%
Cap Rate
0.24
DSCR
$3,694
Rent
-$4,385
Cashflow
Cash Flow
$3,694 income − $8,079 expenses = $4,385 out of pocket
Investment Breakdown
|
Purchase Price
$1018k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$232k
Downpayment
20%
$204k
Closing costs
1%
$10,178
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,694
Total Expenses
$8,079
Mortgage P&I
151%
$5,586
Property Taxes
14%
$527
Home Insurance
5%
$192
HOA
0%
$0
Property Management
15%
$554
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$924