This property looks like a bad Airbnb investment with a projected -27.13% first-year return on $269k initial cash invested.
-27.13%
Cash On Cash
0.06%
Cap Rate
0.01
DSCR
$2,233
Rent
-$6,090
Cashflow
Cash Flow
$2,233 income − $8,323 expenses = $6,090 out of pocket
Investment Breakdown
|
Purchase Price
$1197k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$269k
Downpayment
20%
$239k
Closing costs
1%
$11,970
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,233
Total Expenses
$8,323
Mortgage P&I
271%
$6,062
Property Taxes
38%
$842
Home Insurance
16%
$348
HOA
0%
$0
Property Management
15%
$335
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$558