This property looks like a bad Airbnb investment with a projected -21.62% first-year return on $249k initial cash invested.
-21.62%
Cash On Cash
1.94%
Cap Rate
0.29
DSCR
$5,593
Rent
-$4,487
Cashflow
Cash Flow
$5,593 income − $10,080 expenses = $4,487 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
$5,593
Total Expenses
$10,080
Mortgage P&I
108%
$6,038
Property Taxes
17%
$972
Home Insurance
7%
$385
HOA
0%
$0
Property Management
15%
$839
CapEx
4%
$224
Vacancy
0%
$0
Maintenance
4%
$224
Other
25%
$1,398