This property looks like a bad Airbnb investment with a projected -27% first-year return on $255k initial cash invested.
-27%
Cash On Cash
0.32%
Cap Rate
0.05
DSCR
$2,061
Rent
-$5,746
Cashflow
Cash Flow
$2,061 income − $7,807 expenses = $5,746 out of pocket
Investment Breakdown
|
Purchase Price
$1130k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$255k
Downpayment
20%
$226k
Closing costs
1%
$11,302
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,061
Total Expenses
$7,807
Mortgage P&I
290%
$5,968
Property Taxes
19%
$396
Home Insurance
22%
$455
HOA
0%
$0
Property Management
15%
$309
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$515