This property looks like a bad Airbnb investment with a projected -33.23% first-year return on $277k initial cash invested.
-33.23%
Cash On Cash
-0.82%
Cap Rate
-0.13
DSCR
$2,718
Rent
-$7,685
Cashflow
Cash Flow
$2,718 income − $10,403 expenses = $7,685 out of pocket
Investment Breakdown
|
Purchase Price
$1236k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$277k
Downpayment
20%
$247k
Closing costs
1%
$12,357
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,718
Total Expenses
$10,403
Mortgage P&I
248%
$6,732
Property Taxes
71%
$1,927
Home Insurance
16%
$438
HOA
0%
$0
Property Management
15%
$408
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$680