This property looks like a bad Airbnb investment with a projected -24.49% first-year return on $260k initial cash invested.
-24.49%
Cash On Cash
0.54%
Cap Rate
0.09
DSCR
$2,580
Rent
-$5,297
Cashflow
Cash Flow
$2,580 income − $7,877 expenses = $5,297 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$260k
Downpayment
20%
$230k
Closing costs
1%
$11,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,580
Total Expenses
$7,877
Mortgage P&I
221%
$5,714
Property Taxes
20%
$523
Home Insurance
16%
$402
HOA
0%
$0
Property Management
15%
$387
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$645