This property looks like a bad Airbnb investment with a projected -25.79% first-year return on $295k initial cash invested.
-25.79%
Cash On Cash
0.54%
Cap Rate
0.09
DSCR
$3,897
Rent
-$6,331
Cashflow
Cash Flow
$3,897 income − $10,228 expenses = $6,331 out of pocket
Investment Breakdown
|
Purchase Price
$1317k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$295k
Downpayment
20%
$263k
Closing costs
1%
$13,172
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,897
Total Expenses
$10,228
Mortgage P&I
174%
$6,764
Property Taxes
30%
$1,175
Home Insurance
11%
$418
HOA
0%
$0
Property Management
15%
$585
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$974