This property looks like a bad Airbnb investment with a projected -23.56% first-year return on $304k initial cash invested.
-23.56%
Cash On Cash
1.04%
Cap Rate
0.17
DSCR
$5,449
Rent
-$5,970
Cashflow
Cash Flow
$5,449 income − $11,419 expenses = $5,970 out of pocket
Investment Breakdown
|
Purchase Price
$1362k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$304k
Downpayment
20%
$272k
Closing costs
1%
$13,622
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,449
Total Expenses
$11,419
Mortgage P&I
127%
$6,930
Property Taxes
25%
$1,386
Home Insurance
9%
$488
HOA
0%
$0
Property Management
15%
$817
CapEx
4%
$218
Vacancy
0%
$0
Maintenance
4%
$218
Other
25%
$1,362