This property looks like a bad Airbnb investment with a projected -24.76% first-year return on $270k initial cash invested.
-24.76%
Cash On Cash
0.64%
Cap Rate
0.1
DSCR
$3,031
Rent
-$5,570
Cashflow
Cash Flow
$3,031 income − $8,601 expenses = $5,570 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$270k
Downpayment
20%
$240k
Closing costs
1%
$12,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,031
Total Expenses
$8,601
Mortgage P&I
201%
$6,087
Property Taxes
21%
$639
Home Insurance
14%
$420
HOA
0%
$0
Property Management
15%
$455
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$758