This property looks like a bad Airbnb investment with a projected -23.56% first-year return on $270k initial cash invested.
-23.56%
Cash On Cash
1.65%
Cap Rate
0.25
DSCR
$5,580
Rent
-$5,300
Cashflow
Cash Flow
$5,580 income − $10,880 expenses = $5,300 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
7.5%
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
$5,580
Total Expenses
$10,880
Mortgage P&I
121%
$6,732
Property Taxes
19%
$1,050
Home Insurance
8%
$420
HOA
0%
$0
Property Management
15%
$837
CapEx
4%
$223
Vacancy
0%
$0
Maintenance
4%
$223
Other
25%
$1,395