This property looks like a bad Airbnb investment with a projected -25.87% first-year return on $253k initial cash invested.
-25.87%
Cash On Cash
0.92%
Cap Rate
0.14
DSCR
$3,898
Rent
-$5,464
Cashflow
Cash Flow
$3,898 income − $9,362 expenses = $5,464 out of pocket
Investment Breakdown
|
Purchase Price
$1121k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$253k
Downpayment
20%
$224k
Closing costs
1%
$11,212
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,898
Total Expenses
$9,362
Mortgage P&I
158%
$6,166
Property Taxes
24%
$923
Home Insurance
10%
$402
HOA
0%
$0
Property Management
15%
$585
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$974