This property looks like a bad Airbnb investment with a projected -24.68% first-year return on $276k initial cash invested.
-24.68%
Cash On Cash
1.2%
Cap Rate
0.18
DSCR
$5,793
Rent
-$5,670
Cashflow
Cash Flow
$5,793 income − $11,463 expenses = $5,670 out of pocket
Investment Breakdown
|
Purchase Price
$1227k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$276k
Downpayment
20%
$245k
Closing costs
1%
$12,273
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,793
Total Expenses
$11,463
Mortgage P&I
115%
$6,667
Property Taxes
19%
$1,104
Home Insurance
8%
$438
HOA
8%
$473
Property Management
15%
$869
CapEx
4%
$232
Vacancy
0%
$0
Maintenance
4%
$232
Other
25%
$1,448