This property looks like a bad Airbnb investment with a projected -26.28% first-year return on $295k initial cash invested.
-26.28%
Cash On Cash
0.15%
Cap Rate
0.03
DSCR
$1,882
Rent
-$6,464
Cashflow
Cash Flow
$1,882 income − $8,346 expenses = $6,464 out of pocket
Investment Breakdown
|
Purchase Price
$1320k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$295k
Downpayment
20%
$264k
Closing costs
1%
$13,197
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,882
Total Expenses
$8,346
Mortgage P&I
348%
$6,558
Property Taxes
10%
$194
Home Insurance
31%
$577
HOA
6%
$115
Property Management
15%
$282
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$470