This property looks like a bad Airbnb investment with a projected -31.21% first-year return on $237k initial cash invested.
-31.21%
Cash On Cash
-0.55%
Cap Rate
-0.09
DSCR
$1,750
Rent
-$6,165
Cashflow
Cash Flow
$1,750 income − $7,915 expenses = $6,165 out of pocket
Investment Breakdown
|
Purchase Price
$1043k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$237k
Downpayment
20%
$209k
Closing costs
1%
$10,430
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,750
Total Expenses
$7,915
Mortgage P&I
321%
$5,615
Property Taxes
62%
$1,077
Home Insurance
22%
$383
HOA
0%
$0
Property Management
15%
$262
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$438