This property looks like a bad Airbnb investment with a projected -22.23% first-year return on $239k initial cash invested.
-22.23%
Cash On Cash
1.39%
Cap Rate
0.22
DSCR
$4,742
Rent
-$4,419
Cashflow
Cash Flow
$4,742 income − $9,161 expenses = $4,419 out of pocket
Investment Breakdown
|
Purchase Price
$1050k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$239k
Downpayment
20%
$210k
Closing costs
1%
$10,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,742
Total Expenses
$9,161
Mortgage P&I
115%
$5,448
Property Taxes
23%
$1,068
Home Insurance
8%
$368
HOA
0%
$0
Property Management
15%
$711
CapEx
4%
$190
Vacancy
0%
$0
Maintenance
4%
$190
Other
25%
$1,186