This property looks like a bad Airbnb investment with a projected -26.77% first-year return on $333k initial cash invested.
-26.77%
Cash On Cash
0.73%
Cap Rate
0.11
DSCR
$4,935
Rent
-$7,425
Cashflow
Cash Flow
$4,935 income − $12,360 expenses = $7,425 out of pocket
Investment Breakdown
|
Purchase Price
$1499k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$333k
Downpayment
20%
$300k
Closing costs
1%
$14,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,935
Total Expenses
$12,360
Mortgage P&I
165%
$8,143
Property Taxes
27%
$1,324
Home Insurance
11%
$525
HOA
0%
$0
Property Management
15%
$740
CapEx
4%
$197
Vacancy
0%
$0
Maintenance
4%
$197
Other
25%
$1,234