This property looks like a bad Airbnb investment with a projected -27.53% first-year return on $274k initial cash invested.
-27.53%
Cash On Cash
0.42%
Cap Rate
0.06
DSCR
$3,624
Rent
-$6,284
Cashflow
Cash Flow
$3,624 income − $9,908 expenses = $6,284 out of pocket
Investment Breakdown
|
Purchase Price
$1219k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$274k
Downpayment
20%
$244k
Closing costs
1%
$12,187
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,624
Total Expenses
$9,908
Mortgage P&I
181%
$6,561
Property Taxes
33%
$1,188
Home Insurance
12%
$419
HOA
0%
$0
Property Management
15%
$544
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$906