This property looks like a bad Airbnb investment with a projected -27.09% first-year return on $291k initial cash invested.
-27.09%
Cash On Cash
0.61%
Cap Rate
0.09
DSCR
$4,271
Rent
-$6,561
Cashflow
Cash Flow
$4,271 income − $10,832 expenses = $6,561 out of pocket
Investment Breakdown
|
Purchase Price
$1298k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$12,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,271
Total Expenses
$10,832
Mortgage P&I
165%
$7,051
Property Taxes
30%
$1,276
Home Insurance
11%
$454
HOA
0%
$0
Property Management
15%
$641
CapEx
4%
$171
Vacancy
0%
$0
Maintenance
4%
$171
Other
25%
$1,068