This property looks like a bad Airbnb investment with a projected -19.71% first-year return on $270k initial cash invested.
-19.71%
Cash On Cash
1.96%
Cap Rate
0.32
DSCR
$6,354
Rent
-$4,435
Cashflow
Cash Flow
$6,354 income − $10,789 expenses = $4,435 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
6.6%
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
$6,354
Total Expenses
$10,789
Mortgage P&I
97%
$6,140
Property Taxes
19%
$1,180
Home Insurance
7%
$420
HOA
0%
$0
Property Management
15%
$953
CapEx
4%
$254
Vacancy
0%
$0
Maintenance
4%
$254
Other
25%
$1,588