This property looks like a bad Airbnb investment with a projected -33.17% first-year return on $369k initial cash invested.
-33.17%
Cash On Cash
-0.68%
Cap Rate
-0.1
DSCR
$2,508
Rent
-$10,206
Cashflow
Cash Flow
$2,508 income − $12,714 expenses = $10,206 out of pocket
Investment Breakdown
|
Purchase Price
$1673k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$369k
Downpayment
20%
$335k
Closing costs
1%
$16,726
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,508
Total Expenses
$12,714
Mortgage P&I
365%
$9,162
Property Taxes
65%
$1,628
Home Insurance
24%
$595
HOA
5%
$126
Property Management
15%
$376
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$627