This property looks like a bad Airbnb investment with a projected -23.5% first-year return on $254k initial cash invested.
-23.5%
Cash On Cash
1.4%
Cap Rate
0.22
DSCR
$4,372
Rent
-$4,974
Cashflow
Cash Flow
$4,372 income − $9,346 expenses = $4,974 out of pocket
Investment Breakdown
|
Purchase Price
$1124k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$254k
Downpayment
20%
$225k
Closing costs
1%
$11,240
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,372
Total Expenses
$9,346
Mortgage P&I
140%
$6,115
Property Taxes
13%
$565
Home Insurance
9%
$393
HOA
4%
$174
Property Management
15%
$656
CapEx
4%
$175
Vacancy
0%
$0
Maintenance
4%
$175
Other
25%
$1,093