This property looks like a bad Airbnb investment with a projected -17.31% first-year return on $235k initial cash invested.
-17.31%
Cash On Cash
2.32%
Cap Rate
0.39
DSCR
$5,041
Rent
-$3,390
Cashflow
Cash Flow
$5,041 income − $8,431 expenses = $3,390 out of pocket
Investment Breakdown
|
Purchase Price
$1034k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$235k
Downpayment
20%
$207k
Closing costs
1%
$10,336
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,041
Total Expenses
$8,431
Mortgage P&I
103%
$5,189
Property Taxes
9%
$445
Home Insurance
7%
$377
HOA
0%
$0
Property Management
15%
$756
CapEx
4%
$202
Vacancy
0%
$0
Maintenance
4%
$202
Other
25%
$1,260