This property looks like a bad Airbnb investment with a projected -25.71% first-year return on $353k initial cash invested.
-25.71%
Cash On Cash
0.49%
Cap Rate
0.08
DSCR
$4,053
Rent
-$7,563
Cashflow
Cash Flow
$4,053 income − $11,616 expenses = $7,563 out of pocket
Investment Breakdown
|
Purchase Price
$1595k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$353k
Downpayment
20%
$319k
Closing costs
1%
$15,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,053
Total Expenses
$11,616
Mortgage P&I
199%
$8,055
Property Taxes
23%
$925
Home Insurance
14%
$558
HOA
3%
$133
Property Management
15%
$608
CapEx
4%
$162
Vacancy
0%
$0
Maintenance
4%
$162
Other
25%
$1,013