This property looks like a bad Airbnb investment with a projected -26.33% first-year return on $279k initial cash invested.
-26.33%
Cash On Cash
0.52%
Cap Rate
0.08
DSCR
$3,363
Rent
-$6,117
Cashflow
Cash Flow
$3,363 income − $9,480 expenses = $6,117 out of pocket
Investment Breakdown
|
Purchase Price
$1242k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$279k
Downpayment
20%
$248k
Closing costs
1%
$12,416
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,363
Total Expenses
$9,480
Mortgage P&I
194%
$6,525
Property Taxes
27%
$894
Home Insurance
13%
$446
HOA
0%
$0
Property Management
15%
$504
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$841