This property looks like a bad Airbnb investment with a projected -25.46% first-year return on $259k initial cash invested.
-25.46%
Cash On Cash
0.48%
Cap Rate
0.08
DSCR
$3,070
Rent
-$5,494
Cashflow
Cash Flow
$3,070 income − $8,564 expenses = $5,494 out of pocket
Investment Breakdown
|
Purchase Price
$1148k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$259k
Downpayment
20%
$230k
Closing costs
1%
$11,475
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,070
Total Expenses
$8,564
Mortgage P&I
190%
$5,826
Property Taxes
28%
$846
Home Insurance
14%
$418
HOA
0%
$0
Property Management
15%
$460
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$768