This property looks like a bad Airbnb investment with a projected -25.38% first-year return on $351k initial cash invested.
-25.38%
Cash On Cash
0.54%
Cap Rate
0.09
DSCR
$2,980
Rent
-$7,429
Cashflow
Cash Flow
$2,980 income − $10,409 expenses = $7,429 out of pocket
Investment Breakdown
|
Purchase Price
$1587k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$351k
Downpayment
20%
$317k
Closing costs
1%
$15,868
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,980
Total Expenses
$10,409
Mortgage P&I
269%
$8,024
Property Taxes
12%
$362
Home Insurance
20%
$593
HOA
0%
$0
Property Management
15%
$447
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$745