This property looks like a bad Airbnb investment with a projected -24.11% first-year return on $253k initial cash invested.
-24.11%
Cash On Cash
0.82%
Cap Rate
0.13
DSCR
$3,889
Rent
-$5,087
Cashflow
Cash Flow
$3,889 income − $8,976 expenses = $5,087 out of pocket
Investment Breakdown
|
Purchase Price
$1120k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$253k
Downpayment
20%
$224k
Closing costs
1%
$11,202
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,889
Total Expenses
$8,976
Mortgage P&I
147%
$5,699
Property Taxes
24%
$922
Home Insurance
10%
$401
HOA
2%
$87
Property Management
15%
$583
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$972