This property looks like a bad Airbnb investment with a projected -24.53% first-year return on $267k initial cash invested.
-24.53%
Cash On Cash
1.1%
Cap Rate
0.17
DSCR
$4,681
Rent
-$5,460
Cashflow
Cash Flow
$4,681 income − $10,141 expenses = $5,460 out of pocket
Investment Breakdown
|
Purchase Price
$1186k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$267k
Downpayment
20%
$237k
Closing costs
1%
$11,860
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,681
Total Expenses
$10,141
Mortgage P&I
136%
$6,362
Property Taxes
17%
$816
Home Insurance
15%
$686
HOA
1%
$31
Property Management
15%
$702
CapEx
4%
$187
Vacancy
0%
$0
Maintenance
4%
$187
Other
25%
$1,170