This property looks like a bad Airbnb investment with a projected -19.13% first-year return on $249k initial cash invested.
-19.13%
Cash On Cash
1.96%
Cap Rate
0.32
DSCR
$5,169
Rent
-$3,966
Cashflow
Cash Flow
$5,169 income − $9,135 expenses = $3,966 out of pocket
Investment Breakdown
|
Purchase Price
$1099k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$220k
Closing costs
1%
$10,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,169
Total Expenses
$9,135
Mortgage P&I
107%
$5,550
Property Taxes
13%
$694
Home Insurance
7%
$385
HOA
0%
$25
Property Management
15%
$775
CapEx
4%
$207
Vacancy
0%
$0
Maintenance
4%
$207
Other
25%
$1,292