This property looks like a bad Airbnb investment with a projected -10.94% first-year return on $231k initial cash invested.
-10.94%
Cash On Cash
4.02%
Cap Rate
0.66
DSCR
$7,926
Rent
-$2,106
Cashflow
Cash Flow
$7,926 income − $10,032 expenses = $2,106 out of pocket
Investment Breakdown
|
Purchase Price
$1014k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$203k
Closing costs
1%
$10,140
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,926
Total Expenses
$10,032
Mortgage P&I
65%
$5,189
Property Taxes
9%
$688
Home Insurance
4%
$350
HOA
0%
$0
Property Management
15%
$1,189
CapEx
4%
$317
Vacancy
0%
$0
Maintenance
4%
$317
Other
25%
$1,982