This property looks like a bad Airbnb investment with a projected -25.09% first-year return on $274k initial cash invested.
-25.09%
Cash On Cash
0.66%
Cap Rate
0.11
DSCR
$4,081
Rent
-$5,739
Cashflow
Cash Flow
$4,081 income − $9,820 expenses = $5,739 out of pocket
Investment Breakdown
|
Purchase Price
$1221k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$274k
Downpayment
20%
$244k
Closing costs
1%
$12,213
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,081
Total Expenses
$9,820
Mortgage P&I
153%
$6,249
Property Taxes
29%
$1,176
Home Insurance
11%
$437
HOA
0%
$0
Property Management
15%
$612
CapEx
4%
$163
Vacancy
0%
$0
Maintenance
4%
$163
Other
25%
$1,020