This property looks like a bad Airbnb investment with a projected -23.13% first-year return on $344k initial cash invested.
-23.13%
Cash On Cash
1.14%
Cap Rate
0.19
DSCR
$6,426
Rent
-$6,639
Cashflow
Cash Flow
$6,426 income − $13,065 expenses = $6,639 out of pocket
Investment Breakdown
|
Purchase Price
$1554k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$344k
Downpayment
20%
$311k
Closing costs
1%
$15,542
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,426
Total Expenses
$13,065
Mortgage P&I
122%
$7,862
Property Taxes
24%
$1,559
Home Insurance
9%
$560
HOA
0%
$0
Property Management
15%
$964
CapEx
4%
$257
Vacancy
0%
$0
Maintenance
4%
$257
Other
25%
$1,606