This property looks like a bad Airbnb investment with a projected -30.72% first-year return on $261k initial cash invested.
-30.72%
Cash On Cash
-0.2%
Cap Rate
-0.03
DSCR
$2,782
Rent
-$6,670
Cashflow
Cash Flow
$2,782 income − $9,452 expenses = $6,670 out of pocket
Investment Breakdown
|
Purchase Price
$1155k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$261k
Downpayment
20%
$231k
Closing costs
1%
$11,550
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,782
Total Expenses
$9,452
Mortgage P&I
229%
$6,370
Property Taxes
39%
$1,078
Home Insurance
15%
$404
HOA
10%
$265
Property Management
15%
$417
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$696