This property looks like a bad Airbnb investment with a projected -26.52% first-year return on $282k initial cash invested.
-26.52%
Cash On Cash
0.71%
Cap Rate
0.11
DSCR
$3,075
Rent
-$6,224
Cashflow
Cash Flow
$3,075 income − $9,299 expenses = $6,224 out of pocket
Investment Breakdown
|
Purchase Price
$1255k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$282k
Downpayment
20%
$251k
Closing costs
1%
$12,552
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,075
Total Expenses
$9,299
Mortgage P&I
223%
$6,846
Property Taxes
17%
$522
Home Insurance
15%
$455
HOA
0%
$0
Property Management
15%
$461
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$769