This property looks like a bad Airbnb investment with a projected -23.84% first-year return on $298k initial cash invested.
-23.84%
Cash On Cash
1%
Cap Rate
0.16
DSCR
$4,948
Rent
-$5,912
Cashflow
Cash Flow
$4,948 income − $10,860 expenses = $5,912 out of pocket
Investment Breakdown
|
Purchase Price
$1331k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$298k
Downpayment
20%
$266k
Closing costs
1%
$13,311
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,948
Total Expenses
$10,860
Mortgage P&I
138%
$6,821
Property Taxes
24%
$1,192
Home Insurance
10%
$472
HOA
0%
$0
Property Management
15%
$742
CapEx
4%
$198
Vacancy
0%
$0
Maintenance
4%
$198
Other
25%
$1,237