This property looks like a bad Airbnb investment with a projected -23.33% first-year return on $265k initial cash invested.
-23.33%
Cash On Cash
1.55%
Cap Rate
0.23
DSCR
$5,322
Rent
-$5,144
Cashflow
Cash Flow
$5,322 income − $10,466 expenses = $5,144 out of pocket
Investment Breakdown
|
Purchase Price
$1174k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$265k
Downpayment
20%
$235k
Closing costs
1%
$11,741
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,322
Total Expenses
$10,466
Mortgage P&I
121%
$6,445
Property Taxes
20%
$1,051
Home Insurance
8%
$416
HOA
0%
$0
Property Management
15%
$798
CapEx
4%
$213
Vacancy
0%
$0
Maintenance
4%
$213
Other
25%
$1,330