This property looks like a bad Airbnb investment with a projected -24.53% first-year return on $246k initial cash invested.
-24.53%
Cash On Cash
1.21%
Cap Rate
0.18
DSCR
$3,452
Rent
-$5,037
Cashflow
Cash Flow
$3,452 income − $8,489 expenses = $5,037 out of pocket
Investment Breakdown
|
Purchase Price
$1088k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$246k
Downpayment
20%
$218k
Closing costs
1%
$10,878
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,452
Total Expenses
$8,489
Mortgage P&I
174%
$5,998
Property Taxes
7%
$228
Home Insurance
11%
$381
HOA
7%
$225
Property Management
15%
$518
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$863