This property looks like a bad Airbnb investment with a projected -17.86% first-year return on $234k initial cash invested.
-17.86%
Cash On Cash
2.68%
Cap Rate
0.41
DSCR
$6,018
Rent
-$3,489
Cashflow
Cash Flow
$6,018 income − $9,507 expenses = $3,489 out of pocket
Investment Breakdown
|
Purchase Price
$1031k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$206k
Closing costs
1%
$10,308
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,018
Total Expenses
$9,507
Mortgage P&I
92%
$5,550
Property Taxes
13%
$771
Home Insurance
5%
$297
HOA
0%
$0
Property Management
15%
$903
CapEx
4%
$241
Vacancy
0%
$0
Maintenance
4%
$241
Other
25%
$1,504