This property looks like a bad Airbnb investment with a projected -24.63% first-year return on $297k initial cash invested.
-24.63%
Cash On Cash
0.87%
Cap Rate
0.14
DSCR
$5,076
Rent
-$6,107
Cashflow
Cash Flow
$5,076 income − $11,183 expenses = $6,107 out of pocket
Investment Breakdown
|
Purchase Price
$1331k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$297k
Downpayment
20%
$266k
Closing costs
1%
$13,309
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,076
Total Expenses
$11,183
Mortgage P&I
135%
$6,865
Property Taxes
27%
$1,394
Home Insurance
10%
$488
HOA
0%
$0
Property Management
15%
$761
CapEx
4%
$203
Vacancy
0%
$0
Maintenance
4%
$203
Other
25%
$1,269