This property looks like a bad Airbnb investment with a projected -22.96% first-year return on $249k initial cash invested.
-22.96%
Cash On Cash
1.85%
Cap Rate
0.27
DSCR
$5,648
Rent
-$4,765
Cashflow
Cash Flow
$5,648 income − $10,413 expenses = $4,765 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.6%
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
$5,648
Total Expenses
$10,413
Mortgage P&I
110%
$6,235
Property Taxes
19%
$1,082
Home Insurance
7%
$385
HOA
0%
$0
Property Management
15%
$847
CapEx
4%
$226
Vacancy
0%
$0
Maintenance
4%
$226
Other
25%
$1,412