This property looks like a bad Airbnb investment with a projected -27.04% first-year return on $306k initial cash invested.
-27.04%
Cash On Cash
0.32%
Cap Rate
0.05
DSCR
$3,923
Rent
-$6,888
Cashflow
Cash Flow
$3,923 income − $10,811 expenses = $6,888 out of pocket
Investment Breakdown
|
Purchase Price
$1370k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$306k
Downpayment
20%
$274k
Closing costs
1%
$13,700
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,923
Total Expenses
$10,811
Mortgage P&I
181%
$7,101
Property Taxes
34%
$1,347
Home Insurance
12%
$480
HOA
0%
$0
Property Management
15%
$588
CapEx
4%
$157
Vacancy
0%
$0
Maintenance
4%
$157
Other
25%
$981