This property looks like a bad Airbnb investment with a projected -27.49% first-year return on $289k initial cash invested.
-27.49%
Cash On Cash
0.19%
Cap Rate
0.03
DSCR
$3,454
Rent
-$6,613
Cashflow
Cash Flow
$3,454 income − $10,067 expenses = $6,613 out of pocket
Investment Breakdown
|
Purchase Price
$1289k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$289k
Downpayment
20%
$258k
Closing costs
1%
$12,888
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,454
Total Expenses
$10,067
Mortgage P&I
193%
$6,680
Property Taxes
37%
$1,278
Home Insurance
13%
$451
HOA
0%
$0
Property Management
15%
$518
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$864