This property looks like a bad Airbnb investment with a projected -37.3% first-year return on $374k initial cash invested.
-37.3%
Cash On Cash
-1.56%
Cap Rate
-0.23
DSCR
$0
Rent
-$11,623
Cashflow
Cash Flow
$0 income − $11,623 expenses = $11,623 out of pocket
Investment Breakdown
|
Purchase Price
$1695k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$374k
Downpayment
20%
$339k
Closing costs
1%
$16,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$0
Total Expenses
$11,623
Mortgage P&I
94200000%
$9,420
Property Taxes
16100000%
$1,610
Home Insurance
5930000%
$593
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0