This property looks like a bad Airbnb investment with a projected -24.16% first-year return on $311k initial cash invested.
-24.16%
Cash On Cash
1.1%
Cap Rate
0.17
DSCR
$3,658
Rent
-$6,260
Cashflow
Cash Flow
$3,658 income − $9,918 expenses = $6,260 out of pocket
Investment Breakdown
|
Purchase Price
$1395k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$311k
Downpayment
20%
$279k
Closing costs
1%
$13,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,658
Total Expenses
$9,918
Mortgage P&I
202%
$7,390
Property Taxes
8%
$285
Home Insurance
13%
$488
HOA
0%
$0
Property Management
15%
$549
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$914