This property looks like a bad Airbnb investment with a projected -23.56% first-year return on $231k initial cash invested.
-23.56%
Cash On Cash
1.25%
Cap Rate
0.2
DSCR
$4,561
Rent
-$4,527
Cashflow
Cash Flow
$4,561 income − $9,088 expenses = $4,527 out of pocket
Investment Breakdown
|
Purchase Price
$1012k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$202k
Closing costs
1%
$10,124
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,561
Total Expenses
$9,088
Mortgage P&I
118%
$5,400
Property Taxes
24%
$1,106
Home Insurance
9%
$394
HOA
0%
$0
Property Management
15%
$684
CapEx
4%
$182
Vacancy
0%
$0
Maintenance
4%
$182
Other
25%
$1,140