This property looks like a bad Airbnb investment with a projected -28.23% first-year return on $262k initial cash invested.
-28.23%
Cash On Cash
-0.06%
Cap Rate
-0.01
DSCR
$3,689
Rent
-$6,172
Cashflow
Cash Flow
$3,689 income − $9,861 expenses = $6,172 out of pocket
Investment Breakdown
|
Purchase Price
$1164k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$262k
Downpayment
20%
$233k
Closing costs
1%
$11,637
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,689
Total Expenses
$9,861
Mortgage P&I
162%
$5,970
Property Taxes
42%
$1,560
Home Insurance
15%
$560
HOA
0%
$0
Property Management
15%
$553
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$922