This property looks like a bad Airbnb investment with a projected -25.9% first-year return on $305k initial cash invested.
-25.9%
Cash On Cash
0.68%
Cap Rate
0.11
DSCR
$4,441
Rent
-$6,587
Cashflow
Cash Flow
$4,441 income − $11,028 expenses = $6,587 out of pocket
Investment Breakdown
|
Purchase Price
$1368k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$305k
Downpayment
20%
$274k
Closing costs
1%
$13,677
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,441
Total Expenses
$11,028
Mortgage P&I
162%
$7,187
Property Taxes
29%
$1,271
Home Insurance
10%
$438
HOA
0%
$0
Property Management
15%
$666
CapEx
4%
$178
Vacancy
0%
$0
Maintenance
4%
$178
Other
25%
$1,110