This property looks like a bad Airbnb investment with a projected -9.9% first-year return on $268k initial cash invested.
-9.9%
Cash On Cash
4.85%
Cap Rate
0.73
DSCR
$11,385
Rent
-$2,208
Cashflow
Cash Flow
$11,385 income − $13,593 expenses = $2,208 out of pocket
Investment Breakdown
|
Purchase Price
$1188k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$268k
Downpayment
20%
$238k
Closing costs
1%
$11,882
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$11,385
Total Expenses
$13,593
Mortgage P&I
58%
$6,553
Property Taxes
10%
$1,149
Home Insurance
4%
$427
HOA
0%
$0
Property Management
15%
$1,708
CapEx
4%
$455
Vacancy
0%
$0
Maintenance
4%
$455
Other
25%
$2,846