This property looks like a bad Airbnb investment with a projected -23.09% first-year return on $290k initial cash invested.
-23.09%
Cash On Cash
1.45%
Cap Rate
0.23
DSCR
$5,864
Rent
-$5,579
Cashflow
Cash Flow
$5,864 income − $11,443 expenses = $5,579 out of pocket
Investment Breakdown
|
Purchase Price
$1295k
Downpayment
20.0%
Interest Rate
7.0%
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
$5,864
Total Expenses
$11,443
Mortgage P&I
118%
$6,911
Property Taxes
22%
$1,263
Home Insurance
8%
$453
HOA
0%
$0
Property Management
15%
$880
CapEx
4%
$235
Vacancy
0%
$0
Maintenance
4%
$235
Other
25%
$1,466