This property looks like a bad Airbnb investment with a projected -25.7% first-year return on $332k initial cash invested.
-25.7%
Cash On Cash
0.74%
Cap Rate
0.12
DSCR
$3,055
Rent
-$7,109
Cashflow
Cash Flow
$3,055 income − $10,164 expenses = $7,109 out of pocket
Investment Breakdown
|
Purchase Price
$1495k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$332k
Downpayment
20%
$299k
Closing costs
1%
$14,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,055
Total Expenses
$10,164
Mortgage P&I
259%
$7,906
Property Taxes
9%
$269
Home Insurance
17%
$523
HOA
0%
$0
Property Management
15%
$458
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$764