This property looks like a bad Airbnb investment with a projected -28.33% first-year return on $278k initial cash invested.
-28.33%
Cash On Cash
0.65%
Cap Rate
0.1
DSCR
$5,212
Rent
-$6,556
Cashflow
Cash Flow
$5,212 income − $11,768 expenses = $6,556 out of pocket
Investment Breakdown
|
Purchase Price
$1237k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$278k
Downpayment
20%
$247k
Closing costs
1%
$12,367
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,212
Total Expenses
$11,768
Mortgage P&I
135%
$7,022
Property Taxes
15%
$800
Home Insurance
28%
$1,445
HOA
0%
$0
Property Management
15%
$782
CapEx
4%
$208
Vacancy
0%
$0
Maintenance
4%
$208
Other
25%
$1,303