This property looks like a bad Airbnb investment with a projected -26.84% first-year return on $249k initial cash invested.
-26.84%
Cash On Cash
0.06%
Cap Rate
0.01
DSCR
$1,800
Rent
-$5,569
Cashflow
Cash Flow
$1,800 income − $7,369 expenses = $5,569 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,800
Total Expenses
$7,369
Mortgage P&I
309%
$5,555
Property Taxes
27%
$493
Home Insurance
21%
$385
HOA
4%
$72
Property Management
15%
$270
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$450