This property looks like a bad Airbnb investment with a projected -24.57% first-year return on $284k initial cash invested.
-24.57%
Cash On Cash
0.83%
Cap Rate
0.13
DSCR
$3,658
Rent
-$5,820
Cashflow
Cash Flow
$3,658 income − $9,478 expenses = $5,820 out of pocket
Investment Breakdown
|
Purchase Price
$1268k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$284k
Downpayment
20%
$254k
Closing costs
1%
$12,681
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,658
Total Expenses
$9,478
Mortgage P&I
179%
$6,552
Property Taxes
20%
$716
Home Insurance
12%
$455
HOA
0%
$0
Property Management
15%
$549
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$914