This property looks like a bad Airbnb investment with a projected -33.96% first-year return on $352k initial cash invested.
-33.96%
Cash On Cash
-1.41%
Cap Rate
-0.23
DSCR
$0
Rent
-$9,973
Cashflow
Cash Flow
$0 income − $9,973 expenses = $9,973 out of pocket
Investment Breakdown
|
Purchase Price
$1593k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$352k
Downpayment
20%
$319k
Closing costs
1%
$15,925
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$0
Total Expenses
$9,973
Mortgage P&I
81050000%
$8,105
Property Taxes
12380000%
$1,238
Home Insurance
6300000%
$630
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0