This property looks like a bad Airbnb investment with a projected -22.16% first-year return on $305k initial cash invested.
-22.16%
Cash On Cash
1.59%
Cap Rate
0.25
DSCR
$6,561
Rent
-$5,632
Cashflow
Cash Flow
$6,561 income − $12,193 expenses = $5,632 out of pocket
Investment Breakdown
|
Purchase Price
$1366k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$305k
Downpayment
20%
$273k
Closing costs
1%
$13,664
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,561
Total Expenses
$12,193
Mortgage P&I
109%
$7,179
Property Taxes
21%
$1,376
Home Insurance
7%
$490
HOA
0%
$0
Property Management
15%
$984
CapEx
4%
$262
Vacancy
0%
$0
Maintenance
4%
$262
Other
25%
$1,640