This property looks like a bad Airbnb investment with a projected -34.35% first-year return on $278k initial cash invested.
-34.35%
Cash On Cash
-1.35%
Cap Rate
-0.21
DSCR
$1,862
Rent
-$7,965
Cashflow
Cash Flow
$1,862 income − $9,827 expenses = $7,965 out of pocket
Investment Breakdown
|
Purchase Price
$1239k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$278k
Downpayment
20%
$248k
Closing costs
1%
$12,393
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,862
Total Expenses
$9,827
Mortgage P&I
349%
$6,497
Property Taxes
82%
$1,536
Home Insurance
30%
$551
HOA
19%
$350
Property Management
15%
$279
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$466