This property looks like a bad Airbnb investment with a projected -23.01% first-year return on $249k initial cash invested.
-23.01%
Cash On Cash
1.09%
Cap Rate
0.18
DSCR
$4,487
Rent
-$4,775
Cashflow
Cash Flow
$4,487 income − $9,262 expenses = $4,775 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$220k
Closing costs
1%
$11,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,487
Total Expenses
$9,262
Mortgage P&I
125%
$5,596
Property Taxes
25%
$1,128
Home Insurance
9%
$385
HOA
0%
$0
Property Management
15%
$673
CapEx
4%
$179
Vacancy
0%
$0
Maintenance
4%
$179
Other
25%
$1,122