This property looks like a bad Airbnb investment with a projected -30.09% first-year return on $231k initial cash invested.
-30.09%
Cash On Cash
-0.38%
Cap Rate
-0.06
DSCR
$2,091
Rent
-$5,790
Cashflow
Cash Flow
$2,091 income − $7,881 expenses = $5,790 out of pocket
Investment Breakdown
|
Purchase Price
$1042k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$208k
Closing costs
1%
$10,423
Rehab
0%
$0
Furnishing
1%
$12,000
Cashflow
Total Income
$2,091
Total Expenses
$7,881
Mortgage P&I
257%
$5,374
Property Taxes
54%
$1,137
Home Insurance
17%
$365
HOA
0%
$0
Property Management
15%
$314
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$523