This property looks like a bad Airbnb investment with a projected -19.7% first-year return on $270k initial cash invested.
-19.7%
Cash On Cash
1.82%
Cap Rate
0.3
DSCR
$5,056
Rent
-$4,433
Cashflow
Cash Flow
$5,056 income − $9,489 expenses = $4,433 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$270k
Downpayment
20%
$240k
Closing costs
1%
$12,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,056
Total Expenses
$9,489
Mortgage P&I
120%
$6,046
Property Taxes
12%
$597
Home Insurance
8%
$420
HOA
0%
$0
Property Management
15%
$758
CapEx
4%
$202
Vacancy
0%
$0
Maintenance
4%
$202
Other
25%
$1,264