This property looks like a bad Airbnb investment with a projected -27.28% first-year return on $334k initial cash invested.
-27.28%
Cash On Cash
0.4%
Cap Rate
0.06
DSCR
$3,196
Rent
-$7,592
Cashflow
Cash Flow
$3,196 income − $10,788 expenses = $7,592 out of pocket
Investment Breakdown
|
Purchase Price
$1505k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$334k
Downpayment
20%
$301k
Closing costs
1%
$15,047
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,196
Total Expenses
$10,788
Mortgage P&I
249%
$7,971
Property Taxes
12%
$388
Home Insurance
17%
$551
HOA
11%
$344
Property Management
15%
$479
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$799