This property looks like a bad Airbnb investment with a projected -28.91% first-year return on $281k initial cash invested.
-28.91%
Cash On Cash
0.21%
Cap Rate
0.03
DSCR
$2,228
Rent
-$6,758
Cashflow
Cash Flow
$2,228 income − $8,986 expenses = $6,758 out of pocket
Investment Breakdown
|
Purchase Price
$1250k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,228
Total Expenses
$8,986
Mortgage P&I
309%
$6,891
Property Taxes
26%
$588
Home Insurance
20%
$438
HOA
0%
$0
Property Management
15%
$334
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$557