This property looks like a bad Airbnb investment with a projected -20.85% first-year return on $249k initial cash invested.
-20.85%
Cash On Cash
2.11%
Cap Rate
0.32
DSCR
$5,156
Rent
-$4,326
Cashflow
Cash Flow
$5,156 income − $9,482 expenses = $4,326 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$220k
Closing costs
1%
$11,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,156
Total Expenses
$9,482
Mortgage P&I
117%
$6,056
Property Taxes
6%
$317
Home Insurance
7%
$385
HOA
5%
$250
Property Management
15%
$773
CapEx
4%
$206
Vacancy
0%
$0
Maintenance
4%
$206
Other
25%
$1,289