This property looks like a bad Airbnb investment with a projected -27.84% first-year return on $338k initial cash invested.
-27.84%
Cash On Cash
-0.02%
Cap Rate
0
DSCR
$2,738
Rent
-$7,833
Cashflow
Cash Flow
$2,738 income − $10,571 expenses = $7,833 out of pocket
Investment Breakdown
|
Purchase Price
$1522k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$338k
Downpayment
20%
$304k
Closing costs
1%
$15,223
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,738
Total Expenses
$10,571
Mortgage P&I
281%
$7,698
Property Taxes
35%
$966
Home Insurance
20%
$558
HOA
1%
$34
Property Management
15%
$411
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$684