This property looks like a bad Airbnb investment with a projected -27.6% first-year return on $242k initial cash invested.
-27.6%
Cash On Cash
-0.21%
Cap Rate
-0.03
DSCR
$1,919
Rent
-$5,566
Cashflow
Cash Flow
$1,919 income − $7,485 expenses = $5,566 out of pocket
Investment Breakdown
|
Purchase Price
$1067k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$242k
Downpayment
20%
$213k
Closing costs
1%
$10,668
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,919
Total Expenses
$7,485
Mortgage P&I
276%
$5,305
Property Taxes
48%
$926
Home Insurance
17%
$332
HOA
0%
$0
Property Management
15%
$288
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$480