This property looks like a bad Airbnb investment with a projected -28.62% first-year return on $292k initial cash invested.
-28.62%
Cash On Cash
0.58%
Cap Rate
0.08
DSCR
$4,178
Rent
-$6,961
Cashflow
Cash Flow
$4,178 income − $11,139 expenses = $6,961 out of pocket
Investment Breakdown
|
Purchase Price
$1304k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$292k
Downpayment
20%
$261k
Closing costs
1%
$13,042
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,178
Total Expenses
$11,139
Mortgage P&I
178%
$7,420
Property Taxes
30%
$1,250
Home Insurance
11%
$464
HOA
0%
$0
Property Management
15%
$627
CapEx
4%
$167
Vacancy
0%
$0
Maintenance
4%
$167
Other
25%
$1,044