This property looks like a bad Airbnb investment with a projected -26.66% first-year return on $312k initial cash invested.
-26.66%
Cash On Cash
0.53%
Cap Rate
0.08
DSCR
$2,631
Rent
-$6,931
Cashflow
Cash Flow
$2,631 income − $9,562 expenses = $6,931 out of pocket
Investment Breakdown
|
Purchase Price
$1400k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,631
Total Expenses
$9,562
Mortgage P&I
283%
$7,444
Property Taxes
14%
$365
Home Insurance
19%
$490
HOA
0%
$0
Property Management
15%
$395
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$658