This property looks like a bad Airbnb investment with a projected -19.65% first-year return on $291k initial cash invested.
-19.65%
Cash On Cash
2.15%
Cap Rate
0.34
DSCR
$5,747
Rent
-$4,766
Cashflow
Cash Flow
$5,747 income − $10,513 expenses = $4,766 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$13,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,747
Total Expenses
$10,513
Mortgage P&I
120%
$6,868
Property Taxes
8%
$431
Home Insurance
8%
$455
HOA
0%
$0
Property Management
15%
$862
CapEx
4%
$230
Vacancy
0%
$0
Maintenance
4%
$230
Other
25%
$1,437