This property looks like a bad Airbnb investment with a projected -14.92% first-year return on $270k initial cash invested.
-14.92%
Cash On Cash
3.75%
Cap Rate
0.56
DSCR
$8,720
Rent
-$3,356
Cashflow
Cash Flow
$8,720 income − $12,076 expenses = $3,356 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$270k
Downpayment
20%
$240k
Closing costs
1%
$12,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,720
Total Expenses
$12,076
Mortgage P&I
78%
$6,759
Property Taxes
8%
$711
Home Insurance
5%
$420
HOA
0%
$0
Property Management
15%
$1,308
CapEx
4%
$349
Vacancy
0%
$0
Maintenance
4%
$349
Other
25%
$2,180