This property looks like a bad Airbnb investment with a projected -24.08% first-year return on $246k initial cash invested.
-24.08%
Cash On Cash
1.02%
Cap Rate
0.16
DSCR
$4,263
Rent
-$4,941
Cashflow
Cash Flow
$4,263 income − $9,204 expenses = $4,941 out of pocket
Investment Breakdown
|
Purchase Price
$1087k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$246k
Downpayment
20%
$217k
Closing costs
1%
$10,867
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,263
Total Expenses
$9,204
Mortgage P&I
134%
$5,691
Property Taxes
25%
$1,081
Home Insurance
9%
$385
HOA
0%
$0
Property Management
15%
$639
CapEx
4%
$171
Vacancy
0%
$0
Maintenance
4%
$171
Other
25%
$1,066