This property looks like a bad Airbnb investment with a projected -33.18% first-year return on $291k initial cash invested.
-33.18%
Cash On Cash
-1.12%
Cap Rate
-0.18
DSCR
$63
Rent
-$8,045
Cashflow
Cash Flow
$63 income − $8,108 expenses = $8,045 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$13,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$63
Total Expenses
$8,108
Mortgage P&I
10843%
$6,831
Property Taxes
1256%
$791
Home Insurance
722%
$455
HOA
0%
$0
Property Management
14%
$9
CapEx
5%
$3
Vacancy
0%
$0
Maintenance
5%
$3
Other
25%
$16