This property looks like a bad Airbnb investment with a projected -20.46% first-year return on $239k initial cash invested.
-20.46%
Cash On Cash
1.69%
Cap Rate
0.28
DSCR
$4,783
Rent
-$4,077
Cashflow
Cash Flow
$4,783 income − $8,860 expenses = $4,077 out of pocket
Investment Breakdown
|
Purchase Price
$1053k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$239k
Downpayment
20%
$211k
Closing costs
1%
$10,530
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,783
Total Expenses
$8,860
Mortgage P&I
112%
$5,369
Property Taxes
17%
$811
Home Insurance
8%
$385
HOA
0%
$0
Property Management
15%
$717
CapEx
4%
$191
Vacancy
0%
$0
Maintenance
4%
$191
Other
25%
$1,196