This property looks like a bad Airbnb investment with a projected -22.4% first-year return on $301k initial cash invested.
-22.4%
Cash On Cash
1.2%
Cap Rate
0.2
DSCR
$3,822
Rent
-$5,625
Cashflow
Cash Flow
$3,822 income − $9,447 expenses = $5,625 out of pocket
Investment Breakdown
|
Purchase Price
$1349k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$301k
Downpayment
20%
$270k
Closing costs
1%
$13,490
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,822
Total Expenses
$9,447
Mortgage P&I
179%
$6,826
Property Taxes
8%
$314
Home Insurance
12%
$472
HOA
0%
$0
Property Management
15%
$573
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$956