This property looks like a bad Airbnb investment with a projected -18.07% first-year return on $270k initial cash invested.
-18.07%
Cash On Cash
3.14%
Cap Rate
0.45
DSCR
$7,487
Rent
-$4,071
Cashflow
Cash Flow
$7,487 income − $11,558 expenses = $4,071 out of pocket
Investment Breakdown
|
Purchase Price
$1202k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$270k
Downpayment
20%
$240k
Closing costs
1%
$12,016
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,487
Total Expenses
$11,558
Mortgage P&I
92%
$6,917
Property Taxes
6%
$445
Home Insurance
6%
$438
HOA
2%
$165
Property Management
15%
$1,123
CapEx
4%
$299
Vacancy
0%
$0
Maintenance
4%
$299
Other
25%
$1,872