This property looks like a bad Airbnb investment with a projected -28.89% first-year return on $246k initial cash invested.
-28.89%
Cash On Cash
0.47%
Cap Rate
0.07
DSCR
$3,388
Rent
-$5,925
Cashflow
Cash Flow
$3,388 income − $9,313 expenses = $5,925 out of pocket
Investment Breakdown
|
Purchase Price
$1086k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$246k
Downpayment
20%
$217k
Closing costs
1%
$10,861
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,388
Total Expenses
$9,313
Mortgage P&I
183%
$6,215
Property Taxes
31%
$1,042
Home Insurance
12%
$394
HOA
1%
$35
Property Management
15%
$508
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$847