This property looks like a bad Airbnb investment with a projected -23.22% first-year return on $297k initial cash invested.
-23.22%
Cash On Cash
1%
Cap Rate
0.16
DSCR
$3,556
Rent
-$5,746
Cashflow
Cash Flow
$3,556 income − $9,302 expenses = $5,746 out of pocket
Investment Breakdown
|
Purchase Price
$1328k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$297k
Downpayment
20%
$266k
Closing costs
1%
$13,281
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,556
Total Expenses
$9,302
Mortgage P&I
189%
$6,707
Property Taxes
5%
$178
Home Insurance
13%
$472
HOA
7%
$239
Property Management
15%
$533
CapEx
4%
$142
Vacancy
0%
$0
Maintenance
4%
$142
Other
25%
$889