This property looks like a bad Airbnb investment with a projected -28.86% first-year return on $333k initial cash invested.
-28.86%
Cash On Cash
-0.08%
Cap Rate
-0.01
DSCR
$1,630
Rent
-$8,009
Cashflow
Cash Flow
$1,630 income − $9,639 expenses = $8,009 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,630
Total Expenses
$9,639
Mortgage P&I
481%
$7,844
Property Taxes
30%
$488
Home Insurance
32%
$525
HOA
0%
$0
Property Management
15%
$244
CapEx
4%
$65
Vacancy
0%
$0
Maintenance
4%
$65
Other
25%
$408