This property looks like a bad Airbnb investment with a projected -27.67% first-year return on $295k initial cash invested.
-27.67%
Cash On Cash
0.28%
Cap Rate
0.04
DSCR
$3,018
Rent
-$6,797
Cashflow
Cash Flow
$3,018 income − $9,815 expenses = $6,797 out of pocket
Investment Breakdown
|
Purchase Price
$1318k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$295k
Downpayment
20%
$264k
Closing costs
1%
$13,178
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,018
Total Expenses
$9,815
Mortgage P&I
231%
$6,981
Property Taxes
30%
$895
Home Insurance
16%
$490
HOA
0%
$0
Property Management
15%
$453
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$754