This property looks like a bad Airbnb investment with a projected -29.34% first-year return on $240k initial cash invested.
-29.34%
Cash On Cash
0.2%
Cap Rate
0.03
DSCR
$2,919
Rent
-$5,860
Cashflow
Cash Flow
$2,919 income − $8,779 expenses = $5,860 out of pocket
Investment Breakdown
|
Purchase Price
$1055k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$240k
Downpayment
20%
$211k
Closing costs
1%
$10,554
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,919
Total Expenses
$8,779
Mortgage P&I
203%
$5,920
Property Taxes
37%
$1,072
Home Insurance
13%
$385
HOA
0%
$0
Property Management
15%
$438
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$730