This property looks like a bad Airbnb investment with a projected -26.79% first-year return on $354k initial cash invested.
-26.79%
Cash On Cash
0.27%
Cap Rate
0.04
DSCR
$2,647
Rent
-$7,897
Cashflow
Cash Flow
$2,647 income − $10,544 expenses = $7,897 out of pocket
Investment Breakdown
|
Purchase Price
$1599k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$354k
Downpayment
20%
$320k
Closing costs
1%
$15,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,647
Total Expenses
$10,544
Mortgage P&I
308%
$8,147
Property Taxes
21%
$566
Home Insurance
21%
$560
HOA
0%
$0
Property Management
15%
$397
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$662