This property looks like a bad Airbnb investment with a projected -25.67% first-year return on $238k initial cash invested.
-25.67%
Cash On Cash
0.28%
Cap Rate
0.05
DSCR
$3,984
Rent
-$5,098
Cashflow
Cash Flow
$3,984 income − $9,082 expenses = $5,098 out of pocket
Investment Breakdown
|
Purchase Price
$1049k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$238k
Downpayment
20%
$210k
Closing costs
1%
$10,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,984
Total Expenses
$9,082
Mortgage P&I
130%
$5,186
Property Taxes
41%
$1,617
Home Insurance
9%
$367
HOA
0%
$0
Property Management
15%
$598
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$996