This property looks like a bad Airbnb investment with a projected -17.49% first-year return on $247k initial cash invested.
-17.49%
Cash On Cash
2.5%
Cap Rate
0.41
DSCR
$6,912
Rent
-$3,596
Cashflow
Cash Flow
$6,912 income − $10,508 expenses = $3,596 out of pocket
Investment Breakdown
|
Purchase Price
$1089k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$247k
Downpayment
20%
$218k
Closing costs
1%
$10,889
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,912
Total Expenses
$10,508
Mortgage P&I
81%
$5,592
Property Taxes
14%
$971
Home Insurance
6%
$385
HOA
4%
$243
Property Management
15%
$1,037
CapEx
4%
$276
Vacancy
0%
$0
Maintenance
4%
$276
Other
25%
$1,728