This property looks like a bad Airbnb investment with a projected -23.78% first-year return on $249k initial cash invested.
-23.78%
Cash On Cash
1.3%
Cap Rate
0.2
DSCR
$3,074
Rent
-$4,935
Cashflow
Cash Flow
$3,074 income − $8,009 expenses = $4,935 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,074
Total Expenses
$8,009
Mortgage P&I
195%
$6,003
Property Taxes
5%
$146
Home Insurance
13%
$385
HOA
0%
$0
Property Management
15%
$461
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$768