This property looks like a bad Airbnb investment with a projected -29.86% first-year return on $249k initial cash invested.
-29.86%
Cash On Cash
0.11%
Cap Rate
0.02
DSCR
$3,055
Rent
-$6,202
Cashflow
Cash Flow
$3,055 income − $9,257 expenses = $6,202 out of pocket
Investment Breakdown
|
Purchase Price
$1101k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$220k
Closing costs
1%
$11,013
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,055
Total Expenses
$9,257
Mortgage P&I
202%
$6,178
Property Taxes
33%
$1,016
Home Insurance
13%
$402
HOA
6%
$195
Property Management
15%
$458
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$764