This property looks like a bad Airbnb investment with a projected -24.65% first-year return on $258k initial cash invested.
-24.65%
Cash On Cash
1.43%
Cap Rate
0.21
DSCR
$4,630
Rent
-$5,294
Cashflow
Cash Flow
$4,630 income − $9,924 expenses = $5,294 out of pocket
Investment Breakdown
|
Purchase Price
$1141k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$258k
Downpayment
20%
$228k
Closing costs
1%
$11,414
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,630
Total Expenses
$9,924
Mortgage P&I
140%
$6,469
Property Taxes
19%
$883
Home Insurance
8%
$350
HOA
0%
$0
Property Management
15%
$694
CapEx
4%
$185
Vacancy
0%
$0
Maintenance
4%
$185
Other
25%
$1,158