This property looks like a bad Airbnb investment with a projected -23.49% first-year return on $294k initial cash invested.
-23.49%
Cash On Cash
1.07%
Cap Rate
0.17
DSCR
$4,904
Rent
-$5,762
Cashflow
Cash Flow
$4,904 income − $10,666 expenses = $5,762 out of pocket
Investment Breakdown
|
Purchase Price
$1316k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$263k
Closing costs
1%
$13,161
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,904
Total Expenses
$10,666
Mortgage P&I
137%
$6,742
Property Taxes
22%
$1,098
Home Insurance
10%
$472
HOA
0%
$0
Property Management
15%
$736
CapEx
4%
$196
Vacancy
0%
$0
Maintenance
4%
$196
Other
25%
$1,226