This property looks like a bad Airbnb investment with a projected -13.67% first-year return on $269k initial cash invested.
-13.67%
Cash On Cash
3.36%
Cap Rate
0.55
DSCR
$8,146
Rent
-$3,064
Cashflow
Cash Flow
$8,146 income − $11,210 expenses = $3,064 out of pocket
Investment Breakdown
|
Purchase Price
$1195k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$269k
Downpayment
20%
$239k
Closing costs
1%
$11,952
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,146
Total Expenses
$11,210
Mortgage P&I
75%
$6,083
Property Taxes
9%
$727
Home Insurance
6%
$490
HOA
0%
$0
Property Management
15%
$1,222
CapEx
4%
$326
Vacancy
0%
$0
Maintenance
4%
$326
Other
25%
$2,036