This property looks like a bad Airbnb investment with a projected -26.72% first-year return on $244k initial cash invested.
-26.72%
Cash On Cash
0.75%
Cap Rate
0.11
DSCR
$3,676
Rent
-$5,426
Cashflow
Cash Flow
$3,676 income − $9,102 expenses = $5,426 out of pocket
Investment Breakdown
|
Purchase Price
$1075k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$244k
Downpayment
20%
$215k
Closing costs
1%
$10,747
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,676
Total Expenses
$9,102
Mortgage P&I
162%
$5,955
Property Taxes
27%
$998
Home Insurance
10%
$385
HOA
0%
$0
Property Management
15%
$551
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$919