This property looks like a bad Airbnb investment with a projected -22.72% first-year return on $291k initial cash invested.
-22.72%
Cash On Cash
1.07%
Cap Rate
0.18
DSCR
$3,520
Rent
-$5,509
Cashflow
Cash Flow
$3,520 income − $9,029 expenses = $5,509 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
6.4%
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
$3,520
Total Expenses
$9,029
Mortgage P&I
185%
$6,525
Property Taxes
10%
$359
Home Insurance
13%
$455
HOA
0%
$0
Property Management
15%
$528
CapEx
4%
$141
Vacancy
0%
$0
Maintenance
4%
$141
Other
25%
$880