This property looks like a bad Airbnb investment with a projected -22.41% first-year return on $336k initial cash invested.
-22.41%
Cash On Cash
1.56%
Cap Rate
0.25
DSCR
$6,202
Rent
-$6,278
Cashflow
Cash Flow
$6,202 income − $12,480 expenses = $6,278 out of pocket
Investment Breakdown
|
Purchase Price
$1515k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$336k
Downpayment
20%
$303k
Closing costs
1%
$15,154
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,202
Total Expenses
$12,480
Mortgage P&I
129%
$7,997
Property Taxes
13%
$802
Home Insurance
9%
$560
HOA
2%
$145
Property Management
15%
$930
CapEx
4%
$248
Vacancy
0%
$0
Maintenance
4%
$248
Other
25%
$1,550