This property looks like a bad Airbnb investment with a projected -25.91% first-year return on $249k initial cash invested.
-25.91%
Cash On Cash
0.92%
Cap Rate
0.14
DSCR
$4,126
Rent
-$5,377
Cashflow
Cash Flow
$4,126 income − $9,503 expenses = $5,377 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,126
Total Expenses
$9,503
Mortgage P&I
147%
$6,055
Property Taxes
26%
$1,082
Home Insurance
9%
$385
HOA
0%
$0
Property Management
15%
$619
CapEx
4%
$165
Vacancy
0%
$0
Maintenance
4%
$165
Other
25%
$1,032