This property looks like a bad Airbnb investment with a projected -27.24% first-year return on $312k initial cash invested.
-27.24%
Cash On Cash
0.09%
Cap Rate
0.01
DSCR
$1,362
Rent
-$7,082
Cashflow
Cash Flow
$1,362 income − $8,444 expenses = $7,082 out of pocket
Investment Breakdown
|
Purchase Price
$1400k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$312k
Downpayment
20%
$280k
Closing costs
1%
$14,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,362
Total Expenses
$8,444
Mortgage P&I
524%
$7,132
Property Taxes
12%
$170
Home Insurance
36%
$490
HOA
0%
$0
Property Management
15%
$204
CapEx
4%
$54
Vacancy
0%
$0
Maintenance
4%
$54
Other
25%
$340