This property looks like a bad Airbnb investment with a projected -26.69% first-year return on $294k initial cash invested.
-26.69%
Cash On Cash
1.02%
Cap Rate
0.15
DSCR
$5,130
Rent
-$6,533
Cashflow
Cash Flow
$5,130 income − $11,663 expenses = $6,533 out of pocket
Investment Breakdown
|
Purchase Price
$1313k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$263k
Closing costs
1%
$13,131
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,130
Total Expenses
$11,663
Mortgage P&I
145%
$7,442
Property Taxes
25%
$1,297
Home Insurance
9%
$462
HOA
0%
$0
Property Management
15%
$770
CapEx
4%
$205
Vacancy
0%
$0
Maintenance
4%
$205
Other
25%
$1,282