This property looks like a bad Airbnb investment with a projected -34.29% first-year return on $392k initial cash invested.
-34.29%
Cash On Cash
-0.76%
Cap Rate
-0.11
DSCR
$2,238
Rent
-$11,196
Cashflow
Cash Flow
$2,238 income − $13,434 expenses = $11,196 out of pocket
Investment Breakdown
|
Purchase Price
$1780k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$392k
Downpayment
20%
$356k
Closing costs
1%
$17,800
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,238
Total Expenses
$13,434
Mortgage P&I
446%
$9,985
Property Taxes
78%
$1,750
Home Insurance
28%
$623
HOA
0%
$0
Property Management
15%
$336
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$560