This property looks like a bad Airbnb investment with a projected -31.06% first-year return on $351k initial cash invested.
-31.06%
Cash On Cash
-0.03%
Cap Rate
0
DSCR
$3,702
Rent
-$9,080
Cashflow
Cash Flow
$3,702 income − $12,782 expenses = $9,080 out of pocket
Investment Breakdown
|
Purchase Price
$1585k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$351k
Downpayment
20%
$317k
Closing costs
1%
$15,850
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,702
Total Expenses
$12,782
Mortgage P&I
240%
$8,891
Property Taxes
42%
$1,559
Home Insurance
15%
$555
HOA
0%
$0
Property Management
15%
$555
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$926