This property looks like a bad Airbnb investment with a projected -12.56% first-year return on $290k initial cash invested.
-12.56%
Cash On Cash
3.85%
Cap Rate
0.61
DSCR
$8,948
Rent
-$3,038
Cashflow
Cash Flow
$8,948 income − $11,986 expenses = $3,038 out of pocket
Investment Breakdown
|
Purchase Price
$1297k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$290k
Downpayment
20%
$259k
Closing costs
1%
$12,967
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,948
Total Expenses
$11,986
Mortgage P&I
76%
$6,840
Property Taxes
4%
$370
Home Insurance
5%
$481
HOA
0%
$0
Property Management
15%
$1,342
CapEx
4%
$358
Vacancy
0%
$0
Maintenance
4%
$358
Other
25%
$2,237