This property looks like a bad Airbnb investment with a projected -24.85% first-year return on $308k initial cash invested.
-24.85%
Cash On Cash
0.81%
Cap Rate
0.13
DSCR
$4,752
Rent
-$6,379
Cashflow
Cash Flow
$4,752 income − $11,131 expenses = $6,379 out of pocket
Investment Breakdown
|
Purchase Price
$1381k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$308k
Downpayment
20%
$276k
Closing costs
1%
$13,811
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,752
Total Expenses
$11,131
Mortgage P&I
150%
$7,124
Property Taxes
26%
$1,236
Home Insurance
10%
$490
HOA
0%
$0
Property Management
15%
$713
CapEx
4%
$190
Vacancy
0%
$0
Maintenance
4%
$190
Other
25%
$1,188