This property looks like a bad Airbnb investment with a projected -23.47% first-year return on $256k initial cash invested.
-23.47%
Cash On Cash
0.82%
Cap Rate
0.14
DSCR
$3,089
Rent
-$5,002
Cashflow
Cash Flow
$3,089 income − $8,091 expenses = $5,002 out of pocket
Investment Breakdown
|
Purchase Price
$1132k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$256k
Downpayment
20%
$226k
Closing costs
1%
$11,319
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,089
Total Expenses
$8,091
Mortgage P&I
183%
$5,649
Property Taxes
16%
$504
Home Insurance
15%
$455
HOA
0%
$0
Property Management
15%
$463
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$772