This property looks like a bad Airbnb investment with a projected -27.2% first-year return on $265k initial cash invested.
-27.2%
Cash On Cash
0.39%
Cap Rate
0.06
DSCR
$2,168
Rent
-$6,000
Cashflow
Cash Flow
$2,168 income − $8,168 expenses = $6,000 out of pocket
Investment Breakdown
|
Purchase Price
$1175k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$265k
Downpayment
20%
$235k
Closing costs
1%
$11,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,168
Total Expenses
$8,168
Mortgage P&I
290%
$6,293
Property Taxes
20%
$423
Home Insurance
19%
$411
HOA
0%
$0
Property Management
15%
$325
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$542