This property looks like a bad Airbnb investment with a projected -21.7% first-year return on $312k initial cash invested.
-21.7%
Cash On Cash
1.45%
Cap Rate
0.24
DSCR
$4,196
Rent
-$5,639
Cashflow
Cash Flow
$4,196 income − $9,835 expenses = $5,639 out of pocket
Investment Breakdown
|
Purchase Price
$1399k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$312k
Downpayment
20%
$280k
Closing costs
1%
$13,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,196
Total Expenses
$9,835
Mortgage P&I
171%
$7,156
Property Taxes
4%
$175
Home Insurance
12%
$490
HOA
0%
$0
Property Management
15%
$629
CapEx
4%
$168
Vacancy
0%
$0
Maintenance
4%
$168
Other
25%
$1,049