This property looks like a bad Airbnb investment with a projected -25.31% first-year return on $372k initial cash invested.
-25.31%
Cash On Cash
0.65%
Cap Rate
0.11
DSCR
$3,984
Rent
-$7,854
Cashflow
Cash Flow
$3,984 income − $11,838 expenses = $7,854 out of pocket
Investment Breakdown
|
Purchase Price
$1687k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$372k
Downpayment
20%
$337k
Closing costs
1%
$16,874
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,984
Total Expenses
$11,838
Mortgage P&I
216%
$8,606
Property Taxes
18%
$698
Home Insurance
16%
$622
HOA
0%
$0
Property Management
15%
$598
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$996