This property looks like a bad Airbnb investment with a projected -25.98% first-year return on $233k initial cash invested.
-25.98%
Cash On Cash
0.14%
Cap Rate
0.02
DSCR
$2,109
Rent
-$5,047
Cashflow
Cash Flow
$2,109 income − $7,156 expenses = $5,047 out of pocket
Investment Breakdown
|
Purchase Price
$1024k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$233k
Downpayment
20%
$205k
Closing costs
1%
$10,244
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,109
Total Expenses
$7,156
Mortgage P&I
241%
$5,086
Property Taxes
33%
$697
Home Insurance
17%
$362
HOA
0%
$0
Property Management
15%
$316
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$527