This property looks like a bad Airbnb investment with a projected -24.16% first-year return on $247k initial cash invested.
-24.16%
Cash On Cash
1.33%
Cap Rate
0.2
DSCR
$4,622
Rent
-$4,972
Cashflow
Cash Flow
$4,622 income − $9,594 expenses = $4,972 out of pocket
Investment Breakdown
|
Purchase Price
$1090k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$247k
Downpayment
20%
$218k
Closing costs
1%
$10,904
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,622
Total Expenses
$9,594
Mortgage P&I
130%
$5,997
Property Taxes
21%
$984
Home Insurance
9%
$394
HOA
0%
$0
Property Management
15%
$693
CapEx
4%
$185
Vacancy
0%
$0
Maintenance
4%
$185
Other
25%
$1,156