This property looks like a bad Airbnb investment with a projected -33.71% first-year return on $249k initial cash invested.
-33.71%
Cash On Cash
-1.21%
Cap Rate
-0.19
DSCR
$2,889
Rent
-$6,994
Cashflow
Cash Flow
$2,889 income − $9,883 expenses = $6,994 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,889
Total Expenses
$9,883
Mortgage P&I
200%
$5,769
Property Taxes
81%
$2,342
Home Insurance
13%
$385
HOA
0%
$0
Property Management
15%
$433
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$722