This property looks like a bad Airbnb investment with a projected -28.33% first-year return on $302k initial cash invested.
-28.33%
Cash On Cash
0.36%
Cap Rate
0.05
DSCR
$3,935
Rent
-$7,133
Cashflow
Cash Flow
$3,935 income − $11,068 expenses = $7,133 out of pocket
Investment Breakdown
|
Purchase Price
$1353k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$302k
Downpayment
20%
$271k
Closing costs
1%
$13,531
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,935
Total Expenses
$11,068
Mortgage P&I
188%
$7,380
Property Taxes
34%
$1,328
Home Insurance
12%
$472
HOA
0%
$0
Property Management
15%
$590
CapEx
4%
$157
Vacancy
0%
$0
Maintenance
4%
$157
Other
25%
$984