This property looks like a bad Airbnb investment with a projected -20.28% first-year return on $245k initial cash invested.
-20.28%
Cash On Cash
1.81%
Cap Rate
0.29
DSCR
$5,506
Rent
-$4,136
Cashflow
Cash Flow
$5,506 income − $9,642 expenses = $4,136 out of pocket
Investment Breakdown
|
Purchase Price
$1079k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$245k
Downpayment
20%
$216k
Closing costs
1%
$10,794
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,506
Total Expenses
$9,642
Mortgage P&I
101%
$5,543
Property Taxes
19%
$1,072
Home Insurance
7%
$385
HOA
0%
$0
Property Management
15%
$826
CapEx
4%
$220
Vacancy
0%
$0
Maintenance
4%
$220
Other
25%
$1,376