This property looks like a bad Airbnb investment with a projected -18.09% first-year return on $281k initial cash invested.
-18.09%
Cash On Cash
2.9%
Cap Rate
0.44
DSCR
$7,743
Rent
-$4,237
Cashflow
Cash Flow
$7,743 income − $11,980 expenses = $4,237 out of pocket
Investment Breakdown
|
Purchase Price
$1253k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$251k
Closing costs
1%
$12,530
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,743
Total Expenses
$11,980
Mortgage P&I
90%
$6,952
Property Taxes
13%
$992
Home Insurance
4%
$308
HOA
0%
$11
Property Management
15%
$1,161
CapEx
4%
$310
Vacancy
0%
$0
Maintenance
4%
$310
Other
25%
$1,936