This property looks like a bad Airbnb investment with a projected -22.89% first-year return on $252k initial cash invested.
-22.89%
Cash On Cash
1.4%
Cap Rate
0.22
DSCR
$4,877
Rent
-$4,798
Cashflow
Cash Flow
$4,877 income − $9,675 expenses = $4,798 out of pocket
Investment Breakdown
|
Purchase Price
$1112k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$252k
Downpayment
20%
$222k
Closing costs
1%
$11,120
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,877
Total Expenses
$9,675
Mortgage P&I
121%
$5,904
Property Taxes
21%
$1,045
Home Insurance
8%
$385
HOA
0%
$0
Property Management
15%
$732
CapEx
4%
$195
Vacancy
0%
$0
Maintenance
4%
$195
Other
25%
$1,219