This property looks like a bad Airbnb investment with a projected -24.31% first-year return on $260k initial cash invested.
-24.31%
Cash On Cash
0.95%
Cap Rate
0.15
DSCR
$3,156
Rent
-$5,258
Cashflow
Cash Flow
$3,156 income − $8,414 expenses = $5,258 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$260k
Downpayment
20%
$230k
Closing costs
1%
$11,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,156
Total Expenses
$8,414
Mortgage P&I
192%
$6,047
Property Taxes
13%
$418
Home Insurance
13%
$402
HOA
1%
$33
Property Management
15%
$473
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$789