This property looks like a bad Airbnb investment with a projected -29.69% first-year return on $282k initial cash invested.
-29.69%
Cash On Cash
0.08%
Cap Rate
0.01
DSCR
$2,884
Rent
-$6,982
Cashflow
Cash Flow
$2,884 income − $9,866 expenses = $6,982 out of pocket
Investment Breakdown
|
Purchase Price
$1258k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$282k
Downpayment
20%
$252k
Closing costs
1%
$12,579
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,884
Total Expenses
$9,866
Mortgage P&I
241%
$6,950
Property Taxes
37%
$1,077
Home Insurance
16%
$455
HOA
0%
$0
Property Management
15%
$433
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$721