This property looks like a bad Airbnb investment with a projected -29.42% first-year return on $312k initial cash invested.
-29.42%
Cash On Cash
0.39%
Cap Rate
0.06
DSCR
$4,352
Rent
-$7,648
Cashflow
Cash Flow
$4,352 income − $12,000 expenses = $7,648 out of pocket
Investment Breakdown
|
Purchase Price
$1400k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$312k
Downpayment
20%
$280k
Closing costs
1%
$13,999
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,352
Total Expenses
$12,000
Mortgage P&I
182%
$7,934
Property Taxes
28%
$1,237
Home Insurance
11%
$490
HOA
6%
$250
Property Management
15%
$653
CapEx
4%
$174
Vacancy
0%
$0
Maintenance
4%
$174
Other
25%
$1,088