This property looks like a bad Airbnb investment with a projected -30.52% first-year return on $248k initial cash invested.
-30.52%
Cash On Cash
-0.25%
Cap Rate
-0.04
DSCR
$2,694
Rent
-$6,313
Cashflow
Cash Flow
$2,694 income − $9,007 expenses = $6,313 out of pocket
Investment Breakdown
|
Purchase Price
$1096k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$248k
Downpayment
20%
$219k
Closing costs
1%
$10,962
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,694
Total Expenses
$9,007
Mortgage P&I
222%
$5,979
Property Taxes
39%
$1,041
Home Insurance
14%
$368
HOA
12%
$325
Property Management
15%
$404
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$674