This property looks like a bad Airbnb investment with a projected -18.64% first-year return on $277k initial cash invested.
-18.64%
Cash On Cash
2.38%
Cap Rate
0.38
DSCR
$6,508
Rent
-$4,311
Cashflow
Cash Flow
$6,508 income − $10,819 expenses = $4,311 out of pocket
Investment Breakdown
|
Purchase Price
$1236k
Downpayment
20.0%
Interest Rate
6.9%
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
$6,508
Total Expenses
$10,819
Mortgage P&I
100%
$6,501
Property Taxes
11%
$743
Home Insurance
7%
$452
HOA
0%
$0
Property Management
15%
$976
CapEx
4%
$260
Vacancy
0%
$0
Maintenance
4%
$260
Other
25%
$1,627