This property looks like a bad Airbnb investment with a projected -20.3% first-year return on $274k initial cash invested.
-20.3%
Cash On Cash
1.74%
Cap Rate
0.29
DSCR
$5,933
Rent
-$4,639
Cashflow
Cash Flow
$5,933 income − $10,572 expenses = $4,639 out of pocket
Investment Breakdown
|
Purchase Price
$1220k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$274k
Downpayment
20%
$244k
Closing costs
1%
$12,204
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,933
Total Expenses
$10,572
Mortgage P&I
104%
$6,174
Property Taxes
19%
$1,114
Home Insurance
7%
$437
HOA
0%
$0
Property Management
15%
$890
CapEx
4%
$237
Vacancy
0%
$0
Maintenance
4%
$237
Other
25%
$1,483