This property looks like a bad Airbnb investment with a projected -26.6% first-year return on $375k initial cash invested.
-26.6%
Cash On Cash
0.55%
Cap Rate
0.09
DSCR
$3,009
Rent
-$8,307
Cashflow
Cash Flow
$3,009 income − $11,316 expenses = $8,307 out of pocket
Investment Breakdown
|
Purchase Price
$1699k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$375k
Downpayment
20%
$340k
Closing costs
1%
$16,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,009
Total Expenses
$11,316
Mortgage P&I
298%
$8,961
Property Taxes
11%
$317
Home Insurance
20%
$595
HOA
0%
$0
Property Management
15%
$451
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$752