This property looks like a bad Airbnb investment with a projected -14.26% first-year return on $249k initial cash invested.
-14.26%
Cash On Cash
3.39%
Cap Rate
0.54
DSCR
$6,500
Rent
-$2,958
Cashflow
Cash Flow
$6,500 income − $9,458 expenses = $2,958 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
6.9%
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
$6,500
Total Expenses
$9,458
Mortgage P&I
89%
$5,806
Property Taxes
2%
$147
Home Insurance
6%
$385
HOA
0%
$0
Property Management
15%
$975
CapEx
4%
$260
Vacancy
0%
$0
Maintenance
4%
$260
Other
25%
$1,625