This property looks like a bad Airbnb investment with a projected -27.54% first-year return on $286k initial cash invested.
-27.54%
Cash On Cash
0.72%
Cap Rate
0.11
DSCR
$4,014
Rent
-$6,569
Cashflow
Cash Flow
$4,014 income − $10,583 expenses = $6,569 out of pocket
Investment Breakdown
|
Purchase Price
$1277k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$286k
Downpayment
20%
$255k
Closing costs
1%
$12,773
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,014
Total Expenses
$10,583
Mortgage P&I
179%
$7,171
Property Taxes
26%
$1,029
Home Insurance
11%
$455
HOA
0%
$0
Property Management
15%
$602
CapEx
4%
$161
Vacancy
0%
$0
Maintenance
4%
$161
Other
25%
$1,004