This property looks like a bad Airbnb investment with a projected -26.45% first-year return on $333k initial cash invested.
-26.45%
Cash On Cash
0.26%
Cap Rate
0.04
DSCR
$2,621
Rent
-$7,341
Cashflow
Cash Flow
$2,621 income − $9,962 expenses = $7,341 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$333k
Downpayment
20%
$300k
Closing costs
1%
$15,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,621
Total Expenses
$9,962
Mortgage P&I
289%
$7,565
Property Taxes
23%
$614
Home Insurance
20%
$525
HOA
0%
$0
Property Management
15%
$393
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$655