This property looks like a bad Airbnb investment with a projected -34.35% first-year return on $347k initial cash invested.
-34.35%
Cash On Cash
-0.82%
Cap Rate
-0.12
DSCR
$1,820
Rent
-$9,947
Cashflow
Cash Flow
$1,820 income − $11,767 expenses = $9,947 out of pocket
Investment Breakdown
|
Purchase Price
$1569k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$347k
Downpayment
20%
$314k
Closing costs
1%
$15,690
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,820
Total Expenses
$11,767
Mortgage P&I
484%
$8,801
Property Taxes
85%
$1,543
Home Insurance
30%
$549
HOA
0%
$0
Property Management
15%
$273
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$455