This property looks like a bad Airbnb investment with a projected -29.67% first-year return on $368k initial cash invested.
-29.67%
Cash On Cash
0.12%
Cap Rate
0.02
DSCR
$4,188
Rent
-$9,097
Cashflow
Cash Flow
$4,188 income − $13,285 expenses = $9,097 out of pocket
Investment Breakdown
|
Purchase Price
$1667k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$368k
Downpayment
20%
$333k
Closing costs
1%
$16,665
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,188
Total Expenses
$13,285
Mortgage P&I
217%
$9,094
Property Taxes
38%
$1,585
Home Insurance
14%
$595
HOA
0%
$0
Property Management
15%
$628
CapEx
4%
$168
Vacancy
0%
$0
Maintenance
4%
$168
Other
25%
$1,047