This property looks like a bad Airbnb investment with a projected -29.91% first-year return on $359k initial cash invested.
-29.91%
Cash On Cash
0.25%
Cap Rate
0.04
DSCR
$4,478
Rent
-$8,941
Cashflow
Cash Flow
$4,478 income − $13,419 expenses = $8,941 out of pocket
Investment Breakdown
|
Purchase Price
$1622k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$359k
Downpayment
20%
$324k
Closing costs
1%
$16,223
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,478
Total Expenses
$13,419
Mortgage P&I
203%
$9,100
Property Taxes
33%
$1,458
Home Insurance
13%
$578
HOA
3%
$133
Property Management
15%
$672
CapEx
4%
$179
Vacancy
0%
$0
Maintenance
4%
$179
Other
25%
$1,120