This property looks like a bad Airbnb investment with a projected -27.98% first-year return on $260k initial cash invested.
-27.98%
Cash On Cash
0.4%
Cap Rate
0.06
DSCR
$1,957
Rent
-$6,051
Cashflow
Cash Flow
$1,957 income − $8,008 expenses = $6,051 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$260k
Downpayment
20%
$230k
Closing costs
1%
$11,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,957
Total Expenses
$8,008
Mortgage P&I
325%
$6,359
Property Taxes
16%
$308
Home Insurance
21%
$402
HOA
0%
$0
Property Management
15%
$294
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$489