This property looks like a bad Airbnb investment with a projected -27.66% first-year return on $271k initial cash invested.
-27.66%
Cash On Cash
0.04%
Cap Rate
0.01
DSCR
$2,647
Rent
-$6,256
Cashflow
Cash Flow
$2,647 income − $8,903 expenses = $6,256 out of pocket
Investment Breakdown
|
Purchase Price
$1207k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$271k
Downpayment
20%
$241k
Closing costs
1%
$12,066
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,647
Total Expenses
$8,903
Mortgage P&I
234%
$6,195
Property Taxes
25%
$660
Home Insurance
16%
$428
HOA
13%
$349
Property Management
15%
$397
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$662