This property looks like a bad Airbnb investment with a projected -21.2% first-year return on $293k initial cash invested.
-21.2%
Cash On Cash
1.9%
Cap Rate
0.3
DSCR
$6,705
Rent
-$5,171
Cashflow
Cash Flow
$6,705 income − $11,876 expenses = $5,171 out of pocket
Investment Breakdown
|
Purchase Price
$1308k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$293k
Downpayment
20%
$262k
Closing costs
1%
$13,082
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,705
Total Expenses
$11,876
Mortgage P&I
104%
$6,972
Property Taxes
18%
$1,217
Home Insurance
7%
$469
HOA
0%
$0
Property Management
15%
$1,006
CapEx
4%
$268
Vacancy
0%
$0
Maintenance
4%
$268
Other
25%
$1,676