This property looks like a bad Airbnb investment with a projected -19.68% first-year return on $281k initial cash invested.
-19.68%
Cash On Cash
1.85%
Cap Rate
0.3
DSCR
$4,904
Rent
-$4,600
Cashflow
Cash Flow
$4,904 income − $9,504 expenses = $4,600 out of pocket
Investment Breakdown
|
Purchase Price
$1250k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,904
Total Expenses
$9,504
Mortgage P&I
129%
$6,333
Property Taxes
8%
$379
Home Insurance
9%
$438
HOA
0%
$0
Property Management
15%
$736
CapEx
4%
$196
Vacancy
0%
$0
Maintenance
4%
$196
Other
25%
$1,226