This property looks like a bad Airbnb investment with a projected -29.55% first-year return on $278k initial cash invested.
-29.55%
Cash On Cash
-0.46%
Cap Rate
-0.08
DSCR
$1,404
Rent
-$6,844
Cashflow
Cash Flow
$1,404 income − $8,248 expenses = $6,844 out of pocket
Investment Breakdown
|
Purchase Price
$1238k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$278k
Downpayment
20%
$248k
Closing costs
1%
$12,379
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,404
Total Expenses
$8,248
Mortgage P&I
450%
$6,312
Property Taxes
50%
$701
Home Insurance
33%
$464
HOA
7%
$97
Property Management
15%
$211
CapEx
4%
$56
Vacancy
0%
$0
Maintenance
4%
$56
Other
25%
$351