This property looks like a bad Airbnb investment with a projected -24.17% first-year return on $251k initial cash invested.
-24.17%
Cash On Cash
1.16%
Cap Rate
0.18
DSCR
$3,129
Rent
-$5,057
Cashflow
Cash Flow
$3,129 income − $8,186 expenses = $5,057 out of pocket
Investment Breakdown
|
Purchase Price
$1110k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$251k
Downpayment
20%
$222k
Closing costs
1%
$11,100
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,129
Total Expenses
$8,186
Mortgage P&I
192%
$6,007
Property Taxes
9%
$269
Home Insurance
12%
$388
HOA
1%
$21
Property Management
15%
$469
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$782