This property looks like a bad Airbnb investment with a projected -26.63% first-year return on $274k initial cash invested.
-26.63%
Cash On Cash
0.53%
Cap Rate
0.08
DSCR
$2,803
Rent
-$6,082
Cashflow
Cash Flow
$2,803 income − $8,885 expenses = $6,082 out of pocket
Investment Breakdown
|
Purchase Price
$1220k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$274k
Downpayment
20%
$244k
Closing costs
1%
$12,196
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,803
Total Expenses
$8,885
Mortgage P&I
232%
$6,508
Property Taxes
21%
$586
Home Insurance
16%
$446
HOA
0%
$0
Property Management
15%
$420
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$701