This property looks like a bad Airbnb investment with a projected -29.37% first-year return on $293k initial cash invested.
-29.37%
Cash On Cash
-0.01%
Cap Rate
0
DSCR
$2,718
Rent
-$7,169
Cashflow
Cash Flow
$2,718 income − $9,887 expenses = $7,169 out of pocket
Investment Breakdown
|
Purchase Price
$1309k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$293k
Downpayment
20%
$262k
Closing costs
1%
$13,091
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,718
Total Expenses
$9,887
Mortgage P&I
259%
$7,048
Property Taxes
42%
$1,131
Home Insurance
15%
$402
HOA
0%
$0
Property Management
15%
$408
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$680