This property looks like a bad Airbnb investment with a projected -22.73% first-year return on $291k initial cash invested.
-22.73%
Cash On Cash
1.16%
Cap Rate
0.19
DSCR
$4,086
Rent
-$5,515
Cashflow
Cash Flow
$4,086 income − $9,601 expenses = $5,515 out of pocket
Investment Breakdown
|
Purchase Price
$1301k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$13,006
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,086
Total Expenses
$9,601
Mortgage P&I
162%
$6,614
Property Taxes
11%
$451
Home Insurance
12%
$483
HOA
2%
$92
Property Management
15%
$613
CapEx
4%
$163
Vacancy
0%
$0
Maintenance
4%
$163
Other
25%
$1,022