This property looks like a bad Airbnb investment with a projected -35.98% first-year return on $259k initial cash invested.
-35.98%
Cash On Cash
-1.42%
Cap Rate
-0.22
DSCR
$2,296
Rent
-$7,756
Cashflow
Cash Flow
$2,296 income − $10,052 expenses = $7,756 out of pocket
Investment Breakdown
|
Purchase Price
$1146k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$259k
Downpayment
20%
$229k
Closing costs
1%
$11,462
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,296
Total Expenses
$10,052
Mortgage P&I
275%
$6,304
Property Taxes
51%
$1,170
Home Insurance
18%
$420
HOA
46%
$1,056
Property Management
15%
$344
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$574