This property looks like a bad Airbnb investment with a projected -20.89% first-year return on $254k initial cash invested.
-20.89%
Cash On Cash
2.01%
Cap Rate
0.31
DSCR
$5,896
Rent
-$4,427
Cashflow
Cash Flow
$5,896 income − $10,323 expenses = $4,427 out of pocket
Investment Breakdown
|
Purchase Price
$1125k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$254k
Downpayment
20%
$225k
Closing costs
1%
$11,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,896
Total Expenses
$10,323
Mortgage P&I
103%
$6,077
Property Taxes
17%
$1,022
Home Insurance
7%
$394
HOA
0%
$0
Property Management
15%
$884
CapEx
4%
$236
Vacancy
0%
$0
Maintenance
4%
$236
Other
25%
$1,474