This property looks like a bad Airbnb investment with a projected -33.31% first-year return on $264k initial cash invested.
-33.31%
Cash On Cash
-0.84%
Cap Rate
-0.14
DSCR
$1,674
Rent
-$7,321
Cashflow
Cash Flow
$1,674 income − $8,995 expenses = $7,321 out of pocket
Investment Breakdown
|
Purchase Price
$1256k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$264k
Downpayment
20%
$251k
Closing costs
1%
$12,559
Rehab
0%
$0
Furnishing
0%
$1
Cashflow
Total Income
$1,674
Total Expenses
$8,995
Mortgage P&I
381%
$6,379
Property Taxes
83%
$1,390
Home Insurance
25%
$423
HOA
0%
$0
Property Management
15%
$251
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$418