This property looks like a bad Airbnb investment with a projected -27.42% first-year return on $247k initial cash invested.
-27.42%
Cash On Cash
-0.18%
Cap Rate
-0.03
DSCR
$1,447
Rent
-$5,642
Cashflow
Cash Flow
$1,447 income − $7,089 expenses = $5,642 out of pocket
Investment Breakdown
|
Purchase Price
$1090k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$247k
Downpayment
20%
$218k
Closing costs
1%
$10,900
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,447
Total Expenses
$7,089
Mortgage P&I
374%
$5,416
Property Taxes
41%
$596
Home Insurance
26%
$382
HOA
0%
$0
Property Management
15%
$217
CapEx
4%
$58
Vacancy
0%
$0
Maintenance
4%
$58
Other
25%
$362