This property looks like a bad Airbnb investment with a projected -26.86% first-year return on $270k initial cash invested.
-26.86%
Cash On Cash
0.88%
Cap Rate
0.13
DSCR
$3,022
Rent
-$6,039
Cashflow
Cash Flow
$3,022 income − $9,061 expenses = $6,039 out of pocket
Investment Breakdown
|
Purchase Price
$1199k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$270k
Downpayment
20%
$240k
Closing costs
1%
$11,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,022
Total Expenses
$9,061
Mortgage P&I
225%
$6,798
Property Taxes
13%
$392
Home Insurance
14%
$420
HOA
0%
$0
Property Management
15%
$453
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$756