This property looks like a bad Airbnb investment with a projected -30.24% first-year return on $352k initial cash invested.
-30.24%
Cash On Cash
-0.49%
Cap Rate
-0.08
DSCR
$1,869
Rent
-$8,862
Cashflow
Cash Flow
$1,869 income − $10,731 expenses = $8,862 out of pocket
Investment Breakdown
|
Purchase Price
$1589k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$352k
Downpayment
20%
$318k
Closing costs
1%
$15,889
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,869
Total Expenses
$10,731
Mortgage P&I
435%
$8,139
Property Taxes
61%
$1,139
Home Insurance
30%
$556
HOA
0%
$0
Property Management
15%
$280
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$467