This property looks like a bad Airbnb investment with a projected -27.64% first-year return on $354k initial cash invested.
-27.64%
Cash On Cash
0.3%
Cap Rate
0.05
DSCR
$1,905
Rent
-$8,148
Cashflow
Cash Flow
$1,905 income − $10,053 expenses = $8,148 out of pocket
Investment Breakdown
|
Purchase Price
$1599k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$354k
Downpayment
20%
$320k
Closing costs
1%
$15,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,905
Total Expenses
$10,053
Mortgage P&I
445%
$8,468
Property Taxes
6%
$111
Home Insurance
29%
$560
HOA
0%
$0
Property Management
15%
$286
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$476