This property looks like a bad Airbnb investment with a projected -31.41% first-year return on $288k initial cash invested.
-31.41%
Cash On Cash
-0.59%
Cap Rate
-0.09
DSCR
$2,486
Rent
-$7,546
Cashflow
Cash Flow
$2,486 income − $10,032 expenses = $7,546 out of pocket
Investment Breakdown
|
Purchase Price
$1287k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$288k
Downpayment
20%
$257k
Closing costs
1%
$12,873
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,486
Total Expenses
$10,032
Mortgage P&I
274%
$6,818
Property Taxes
52%
$1,296
Home Insurance
19%
$465
HOA
10%
$260
Property Management
15%
$373
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$622