This property looks like a bad Airbnb investment with a projected -28.56% first-year return on $263k initial cash invested.
-28.56%
Cash On Cash
0.29%
Cap Rate
0.04
DSCR
$3,337
Rent
-$6,252
Cashflow
Cash Flow
$3,337 income − $9,589 expenses = $6,252 out of pocket
Investment Breakdown
|
Purchase Price
$1165k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$263k
Downpayment
20%
$233k
Closing costs
1%
$11,653
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,337
Total Expenses
$9,589
Mortgage P&I
192%
$6,399
Property Taxes
31%
$1,029
Home Insurance
17%
$560
HOA
0%
$0
Property Management
15%
$501
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$834