This property looks like a bad Airbnb investment with a projected -23.83% first-year return on $303k initial cash invested.
-23.83%
Cash On Cash
1.62%
Cap Rate
0.24
DSCR
$6,554
Rent
-$6,020
Cashflow
Cash Flow
$6,554 income − $12,574 expenses = $6,020 out of pocket
Investment Breakdown
|
Purchase Price
$1358k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$303k
Downpayment
20%
$272k
Closing costs
1%
$13,580
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,554
Total Expenses
$12,574
Mortgage P&I
116%
$7,596
Property Taxes
20%
$1,343
Home Insurance
7%
$490
HOA
0%
$0
Property Management
15%
$983
CapEx
4%
$262
Vacancy
0%
$0
Maintenance
4%
$262
Other
25%
$1,638