This property looks like a bad Airbnb investment with a projected -24.97% first-year return on $285k initial cash invested.
-24.97%
Cash On Cash
0.94%
Cap Rate
0.15
DSCR
$4,309
Rent
-$5,928
Cashflow
Cash Flow
$4,309 income − $10,237 expenses = $5,928 out of pocket
Investment Breakdown
|
Purchase Price
$1271k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$285k
Downpayment
20%
$254k
Closing costs
1%
$12,711
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,309
Total Expenses
$10,237
Mortgage P&I
157%
$6,749
Property Taxes
24%
$1,036
Home Insurance
9%
$385
HOA
0%
$0
Property Management
15%
$646
CapEx
4%
$172
Vacancy
0%
$0
Maintenance
4%
$172
Other
25%
$1,077