This property looks like a bad Airbnb investment with a projected -24.46% first-year return on $249k initial cash invested.
-24.46%
Cash On Cash
1.35%
Cap Rate
0.2
DSCR
$4,809
Rent
-$5,076
Cashflow
Cash Flow
$4,809 income − $9,885 expenses = $5,076 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.5%
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
$4,809
Total Expenses
$9,885
Mortgage P&I
127%
$6,121
Property Taxes
22%
$1,072
Home Insurance
8%
$385
HOA
0%
$0
Property Management
15%
$721
CapEx
4%
$192
Vacancy
0%
$0
Maintenance
4%
$192
Other
25%
$1,202