This property looks like a bad Airbnb investment with a projected -18.77% first-year return on $291k initial cash invested.
-18.77%
Cash On Cash
2.21%
Cap Rate
0.36
DSCR
$6,807
Rent
-$4,549
Cashflow
Cash Flow
$6,807 income − $11,356 expenses = $4,549 out of pocket
Investment Breakdown
|
Purchase Price
$1299k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$12,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,807
Total Expenses
$11,356
Mortgage P&I
98%
$6,671
Property Taxes
14%
$963
Home Insurance
7%
$455
HOA
0%
$0
Property Management
15%
$1,021
CapEx
4%
$272
Vacancy
0%
$0
Maintenance
4%
$272
Other
25%
$1,702