This property looks like a bad Airbnb investment with a projected -24.47% first-year return on $242k initial cash invested.
-24.47%
Cash On Cash
0.7%
Cap Rate
0.12
DSCR
$3,346
Rent
-$4,932
Cashflow
Cash Flow
$3,346 income − $8,278 expenses = $4,932 out of pocket
Investment Breakdown
|
Purchase Price
$1066k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$242k
Downpayment
20%
$213k
Closing costs
1%
$10,659
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,346
Total Expenses
$8,278
Mortgage P&I
162%
$5,423
Property Taxes
27%
$903
Home Insurance
10%
$346
HOA
0%
$0
Property Management
15%
$502
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$836