This property looks like a bad Airbnb investment with a projected -27.78% first-year return on $249k initial cash invested.
-27.78%
Cash On Cash
-0.13%
Cap Rate
-0.02
DSCR
$2,219
Rent
-$5,764
Cashflow
Cash Flow
$2,219 income − $7,983 expenses = $5,764 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$220k
Closing costs
1%
$11,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,219
Total Expenses
$7,983
Mortgage P&I
251%
$5,560
Property Taxes
44%
$972
Home Insurance
17%
$385
HOA
0%
$0
Property Management
15%
$333
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$555