This property looks like a bad Airbnb investment with a projected -19.57% first-year return on $290k initial cash invested.
-19.57%
Cash On Cash
1.87%
Cap Rate
0.31
DSCR
$4,697
Rent
-$4,729
Cashflow
Cash Flow
$4,697 income − $9,426 expenses = $4,729 out of pocket
Investment Breakdown
|
Purchase Price
$1295k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$290k
Downpayment
20%
$259k
Closing costs
1%
$12,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,697
Total Expenses
$9,426
Mortgage P&I
140%
$6,558
Property Taxes
3%
$160
Home Insurance
10%
$453
HOA
0%
$0
Property Management
15%
$705
CapEx
4%
$188
Vacancy
0%
$0
Maintenance
4%
$188
Other
25%
$1,174