This property looks like a bad Airbnb investment with a projected -23.6% first-year return on $249k initial cash invested.
-23.6%
Cash On Cash
0.74%
Cap Rate
0.12
DSCR
$2,454
Rent
-$4,893
Cashflow
Cash Flow
$2,454 income − $7,347 expenses = $4,893 out of pocket
Investment Breakdown
|
Purchase Price
$1099k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$220k
Closing costs
1%
$10,991
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,454
Total Expenses
$7,347
Mortgage P&I
223%
$5,469
Property Taxes
11%
$269
Home Insurance
16%
$402
HOA
1%
$29
Property Management
15%
$368
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$614