This property looks like a bad Airbnb investment with a projected -30.05% first-year return on $265k initial cash invested.
-30.05%
Cash On Cash
-0.15%
Cap Rate
-0.02
DSCR
$2,538
Rent
-$6,630
Cashflow
Cash Flow
$2,538 income − $9,168 expenses = $6,630 out of pocket
Investment Breakdown
|
Purchase Price
$1175k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$265k
Downpayment
20%
$235k
Closing costs
1%
$11,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,538
Total Expenses
$9,168
Mortgage P&I
252%
$6,383
Property Taxes
46%
$1,155
Home Insurance
16%
$411
HOA
0%
$0
Property Management
15%
$381
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$634