This property looks like a bad Airbnb investment with a projected -26.34% first-year return on $301k initial cash invested.
-26.34%
Cash On Cash
0.27%
Cap Rate
0.05
DSCR
$3,669
Rent
-$6,598
Cashflow
Cash Flow
$3,669 income − $10,267 expenses = $6,598 out of pocket
Investment Breakdown
|
Purchase Price
$1346k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$301k
Downpayment
20%
$269k
Closing costs
1%
$13,456
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,669
Total Expenses
$10,267
Mortgage P&I
184%
$6,759
Property Taxes
35%
$1,275
Home Insurance
13%
$472
HOA
0%
$0
Property Management
15%
$550
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$917