This property looks like a bad Airbnb investment with a projected -26.12% first-year return on $302k initial cash invested.
-26.12%
Cash On Cash
0.33%
Cap Rate
0.05
DSCR
$2,916
Rent
-$6,566
Cashflow
Cash Flow
$2,916 income − $9,482 expenses = $6,566 out of pocket
Investment Breakdown
|
Purchase Price
$1351k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$302k
Downpayment
20%
$270k
Closing costs
1%
$13,509
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,916
Total Expenses
$9,482
Mortgage P&I
234%
$6,815
Property Taxes
27%
$778
Home Insurance
17%
$489
HOA
0%
$0
Property Management
15%
$437
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$729