This property looks like a bad Airbnb investment with a projected -23.61% first-year return on $273k initial cash invested.
-23.61%
Cash On Cash
1.04%
Cap Rate
0.17
DSCR
$4,583
Rent
-$5,376
Cashflow
Cash Flow
$4,583 income − $9,959 expenses = $5,376 out of pocket
Investment Breakdown
|
Purchase Price
$1215k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$273k
Downpayment
20%
$243k
Closing costs
1%
$12,153
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,583
Total Expenses
$9,959
Mortgage P&I
136%
$6,249
Property Taxes
24%
$1,082
Home Insurance
9%
$429
HOA
0%
$0
Property Management
15%
$687
CapEx
4%
$183
Vacancy
0%
$0
Maintenance
4%
$183
Other
25%
$1,146