This property looks like a bad Airbnb investment with a projected -26.76% first-year return on $284k initial cash invested.
-26.76%
Cash On Cash
1.09%
Cap Rate
0.16
DSCR
$3,750
Rent
-$6,323
Cashflow
Cash Flow
$3,750 income − $10,073 expenses = $6,323 out of pocket
Investment Breakdown
|
Purchase Price
$1265k
Downpayment
20.0%
Interest Rate
7.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$284k
Downpayment
20%
$253k
Closing costs
1%
$12,647
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,750
Total Expenses
$10,073
Mortgage P&I
195%
$7,324
Property Taxes
9%
$324
Home Insurance
12%
$455
HOA
5%
$170
Property Management
15%
$562
CapEx
4%
$150
Vacancy
0%
$0
Maintenance
4%
$150
Other
25%
$938