This property looks like a bad Airbnb investment with a projected -24.64% first-year return on $281k initial cash invested.
-24.64%
Cash On Cash
0.81%
Cap Rate
0.13
DSCR
$3,526
Rent
-$5,775
Cashflow
Cash Flow
$3,526 income − $9,301 expenses = $5,775 out of pocket
Investment Breakdown
|
Purchase Price
$1254k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$251k
Closing costs
1%
$12,536
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,526
Total Expenses
$9,301
Mortgage P&I
184%
$6,477
Property Taxes
19%
$676
Home Insurance
13%
$455
HOA
0%
$0
Property Management
15%
$529
CapEx
4%
$141
Vacancy
0%
$0
Maintenance
4%
$141
Other
25%
$882