This property looks like a bad Airbnb investment with a projected -31.59% first-year return on $273k initial cash invested.
-31.59%
Cash On Cash
-0.94%
Cap Rate
-0.15
DSCR
$1,040
Rent
-$7,183
Cashflow
Cash Flow
$1,040 income − $8,223 expenses = $7,183 out of pocket
Investment Breakdown
|
Purchase Price
$1214k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$273k
Downpayment
20%
$243k
Closing costs
1%
$12,138
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,040
Total Expenses
$8,223
Mortgage P&I
595%
$6,189
Property Taxes
106%
$1,098
Home Insurance
42%
$436
HOA
0%
$0
Property Management
15%
$156
CapEx
4%
$42
Vacancy
0%
$0
Maintenance
4%
$42
Other
25%
$260