This property looks like a bad Airbnb investment with a projected -24.13% first-year return on $377k initial cash invested.
-24.13%
Cash On Cash
1.14%
Cap Rate
0.18
DSCR
$4,882
Rent
-$7,583
Cashflow
Cash Flow
$4,882 income − $12,465 expenses = $7,583 out of pocket
Investment Breakdown
|
Purchase Price
$1710k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$377k
Downpayment
20%
$342k
Closing costs
1%
$17,100
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,882
Total Expenses
$12,465
Mortgage P&I
185%
$9,011
Property Taxes
9%
$436
Home Insurance
13%
$630
HOA
1%
$46
Property Management
15%
$732
CapEx
4%
$195
Vacancy
0%
$0
Maintenance
4%
$195
Other
25%
$1,220