This property looks like a bad Airbnb investment with a projected -30.99% first-year return on $376k initial cash invested.
-30.99%
Cash On Cash
-0.08%
Cap Rate
-0.01
DSCR
$3,811
Rent
-$9,709
Cashflow
Cash Flow
$3,811 income − $13,520 expenses = $9,709 out of pocket
Investment Breakdown
|
Purchase Price
$1705k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$376k
Downpayment
20%
$341k
Closing costs
1%
$17,048
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,811
Total Expenses
$13,520
Mortgage P&I
248%
$9,446
Property Taxes
43%
$1,633
Home Insurance
16%
$612
HOA
0%
$0
Property Management
15%
$572
CapEx
4%
$152
Vacancy
0%
$0
Maintenance
4%
$152
Other
25%
$953