This property looks like a bad Airbnb investment with a projected -26.71% first-year return on $235k initial cash invested.
-26.71%
Cash On Cash
0.33%
Cap Rate
0.05
DSCR
$1,767
Rent
-$5,229
Cashflow
Cash Flow
$1,767 income − $6,996 expenses = $5,229 out of pocket
Investment Breakdown
|
Purchase Price
$1033k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$235k
Downpayment
20%
$207k
Closing costs
1%
$10,331
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,767
Total Expenses
$6,996
Mortgage P&I
308%
$5,444
Property Taxes
18%
$318
Home Insurance
22%
$385
HOA
0%
$0
Property Management
15%
$265
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$442