This property looks like a bad Airbnb investment with a projected -24.89% first-year return on $281k initial cash invested.
-24.89%
Cash On Cash
0.67%
Cap Rate
0.11
DSCR
$4,051
Rent
-$5,819
Cashflow
Cash Flow
$4,051 income − $9,870 expenses = $5,819 out of pocket
Investment Breakdown
|
Purchase Price
$1250k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$250k
Closing costs
1%
$12,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,051
Total Expenses
$9,870
Mortgage P&I
157%
$6,359
Property Taxes
28%
$1,128
Home Insurance
11%
$438
HOA
0%
$0
Property Management
15%
$608
CapEx
4%
$162
Vacancy
0%
$0
Maintenance
4%
$162
Other
25%
$1,013