This property looks like a bad Airbnb investment with a projected -25.93% first-year return on $234k initial cash invested.
-25.93%
Cash On Cash
0.26%
Cap Rate
0.04
DSCR
$2,518
Rent
-$5,051
Cashflow
Cash Flow
$2,518 income − $7,569 expenses = $5,051 out of pocket
Investment Breakdown
|
Purchase Price
$1027k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$205k
Closing costs
1%
$10,272
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,518
Total Expenses
$7,569
Mortgage P&I
206%
$5,176
Property Taxes
27%
$686
Home Insurance
11%
$289
HOA
8%
$208
Property Management
15%
$378
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$630