This property looks like a bad Airbnb investment with a projected -24.93% first-year return on $298k initial cash invested.
-24.93%
Cash On Cash
0.63%
Cap Rate
0.1
DSCR
$3,661
Rent
-$6,182
Cashflow
Cash Flow
$3,661 income − $9,843 expenses = $6,182 out of pocket
Investment Breakdown
|
Purchase Price
$1331k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$298k
Downpayment
20%
$266k
Closing costs
1%
$13,312
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,661
Total Expenses
$9,843
Mortgage P&I
184%
$6,738
Property Taxes
24%
$877
Home Insurance
13%
$472
HOA
0%
$0
Property Management
15%
$549
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$915