This property looks like a bad Airbnb investment with a projected -22.45% first-year return on $286k initial cash invested.
-22.45%
Cash On Cash
1.28%
Cap Rate
0.21
DSCR
$5,279
Rent
-$5,354
Cashflow
Cash Flow
$5,279 income − $10,633 expenses = $5,354 out of pocket
Investment Breakdown
|
Purchase Price
$1277k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$286k
Downpayment
20%
$255k
Closing costs
1%
$12,771
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,279
Total Expenses
$10,633
Mortgage P&I
123%
$6,505
Property Taxes
14%
$747
Home Insurance
9%
$455
HOA
7%
$392
Property Management
15%
$792
CapEx
4%
$211
Vacancy
0%
$0
Maintenance
4%
$211
Other
25%
$1,320