This property looks like a bad Airbnb investment with a projected -20.51% first-year return on $281k initial cash invested.
-20.51%
Cash On Cash
1.95%
Cap Rate
0.31
DSCR
$5,162
Rent
-$4,794
Cashflow
Cash Flow
$5,162 income − $9,956 expenses = $4,794 out of pocket
Investment Breakdown
|
Purchase Price
$1250k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$250k
Closing costs
1%
$12,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,162
Total Expenses
$9,956
Mortgage P&I
128%
$6,622
Property Taxes
8%
$420
Home Insurance
8%
$438
HOA
0%
$0
Property Management
15%
$774
CapEx
4%
$206
Vacancy
0%
$0
Maintenance
4%
$206
Other
25%
$1,290