This property looks like a bad Airbnb investment with a projected -31.29% first-year return on $291k initial cash invested.
-31.29%
Cash On Cash
-0.4%
Cap Rate
-0.06
DSCR
$2,321
Rent
-$7,588
Cashflow
Cash Flow
$2,321 income − $9,909 expenses = $7,588 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,321
Total Expenses
$9,909
Mortgage P&I
304%
$7,062
Property Taxes
55%
$1,278
Home Insurance
20%
$455
HOA
0%
$0
Property Management
15%
$348
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$580