This property looks like a bad Airbnb investment with a projected -28.62% first-year return on $314k initial cash invested.
-28.62%
Cash On Cash
-0.16%
Cap Rate
-0.03
DSCR
$3,031
Rent
-$7,487
Cashflow
Cash Flow
$3,031 income − $10,518 expenses = $7,487 out of pocket
Investment Breakdown
|
Purchase Price
$1409k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$314k
Downpayment
20%
$282k
Closing costs
1%
$14,090
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,031
Total Expenses
$10,518
Mortgage P&I
237%
$7,184
Property Taxes
30%
$921
Home Insurance
17%
$525
HOA
14%
$433
Property Management
15%
$455
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$758