This property looks like a bad Airbnb investment with a projected -24.67% first-year return on $292k initial cash invested.
-24.67%
Cash On Cash
1.36%
Cap Rate
0.2
DSCR
$5,842
Rent
-$6,013
Cashflow
Cash Flow
$5,842 income − $11,855 expenses = $6,013 out of pocket
Investment Breakdown
|
Purchase Price
$1307k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$292k
Downpayment
20%
$261k
Closing costs
1%
$13,071
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,842
Total Expenses
$11,855
Mortgage P&I
124%
$7,264
Property Taxes
23%
$1,315
Home Insurance
8%
$472
HOA
0%
$0
Property Management
15%
$876
CapEx
4%
$234
Vacancy
0%
$0
Maintenance
4%
$234
Other
25%
$1,460