This property looks like a bad Airbnb investment with a projected -31.25% first-year return on $317k initial cash invested.
-31.25%
Cash On Cash
-0.04%
Cap Rate
-0.01
DSCR
$2,549
Rent
-$8,243
Cashflow
Cash Flow
$2,549 income − $10,792 expenses = $8,243 out of pocket
Investment Breakdown
|
Purchase Price
$1422k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$317k
Downpayment
20%
$284k
Closing costs
1%
$14,218
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,549
Total Expenses
$10,792
Mortgage P&I
317%
$8,089
Property Taxes
38%
$964
Home Insurance
20%
$516
HOA
0%
$0
Property Management
15%
$382
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$637