This property looks like a bad Airbnb investment with a projected -19.76% first-year return on $274k initial cash invested.
-19.76%
Cash On Cash
2%
Cap Rate
0.32
DSCR
$5,403
Rent
-$4,519
Cashflow
Cash Flow
$5,403 income − $9,922 expenses = $4,519 out of pocket
Investment Breakdown
|
Purchase Price
$1221k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$274k
Downpayment
20%
$244k
Closing costs
1%
$12,213
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,403
Total Expenses
$9,922
Mortgage P&I
117%
$6,336
Property Taxes
11%
$610
Home Insurance
7%
$383
HOA
0%
$0
Property Management
15%
$810
CapEx
4%
$216
Vacancy
0%
$0
Maintenance
4%
$216
Other
25%
$1,351