This property looks like a bad Airbnb investment with a projected -24.68% first-year return on $275k initial cash invested.
-24.68%
Cash On Cash
0.85%
Cap Rate
0.14
DSCR
$4,521
Rent
-$5,660
Cashflow
Cash Flow
$4,521 income − $10,181 expenses = $5,660 out of pocket
Investment Breakdown
|
Purchase Price
$1225k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$275k
Downpayment
20%
$245k
Closing costs
1%
$12,250
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,521
Total Expenses
$10,181
Mortgage P&I
140%
$6,350
Property Taxes
24%
$1,082
Home Insurance
9%
$429
HOA
3%
$150
Property Management
15%
$678
CapEx
4%
$181
Vacancy
0%
$0
Maintenance
4%
$181
Other
25%
$1,130