This property looks like a bad Airbnb investment with a projected -23.35% first-year return on $270k initial cash invested.
-23.35%
Cash On Cash
0.88%
Cap Rate
0.15
DSCR
$2,951
Rent
-$5,254
Cashflow
Cash Flow
$2,951 income − $8,205 expenses = $5,254 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,951
Total Expenses
$8,205
Mortgage P&I
204%
$6,012
Property Taxes
12%
$356
Home Insurance
14%
$420
HOA
0%
$0
Property Management
15%
$443
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$738