This property looks like a bad Airbnb investment with a projected -30.17% first-year return on $310k initial cash invested.
-30.17%
Cash On Cash
0.04%
Cap Rate
0.01
DSCR
$3,389
Rent
-$7,786
Cashflow
Cash Flow
$3,389 income − $11,175 expenses = $7,786 out of pocket
Investment Breakdown
|
Purchase Price
$1389k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$310k
Downpayment
20%
$278k
Closing costs
1%
$13,889
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,389
Total Expenses
$11,175
Mortgage P&I
227%
$7,696
Property Taxes
40%
$1,366
Home Insurance
14%
$486
HOA
0%
$0
Property Management
15%
$508
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$847