This property looks like a bad Airbnb investment with a projected -15.78% first-year return on $255k initial cash invested.
-15.78%
Cash On Cash
3.12%
Cap Rate
0.49
DSCR
$7,459
Rent
-$3,353
Cashflow
Cash Flow
$7,459 income − $10,812 expenses = $3,353 out of pocket
Investment Breakdown
|
Purchase Price
$1129k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$255k
Downpayment
20%
$226k
Closing costs
1%
$11,285
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,459
Total Expenses
$10,812
Mortgage P&I
80%
$5,992
Property Taxes
12%
$897
Home Insurance
5%
$343
HOA
0%
$0
Property Management
15%
$1,119
CapEx
4%
$298
Vacancy
0%
$0
Maintenance
4%
$298
Other
25%
$1,865