This property looks like a bad Airbnb investment with a projected -16.44% first-year return on $378k initial cash invested.
-16.44%
Cash On Cash
2.75%
Cap Rate
0.45
DSCR
$11,078
Rent
-$5,181
Cashflow
Cash Flow
$11,078 income − $16,259 expenses = $5,181 out of pocket
Investment Breakdown
|
Purchase Price
$1715k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$378k
Downpayment
20%
$343k
Closing costs
1%
$17,149
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,078
Total Expenses
$16,259
Mortgage P&I
78%
$8,668
Property Taxes
15%
$1,645
Home Insurance
6%
$628
HOA
0%
$0
Property Management
15%
$1,662
CapEx
4%
$443
Vacancy
0%
$0
Maintenance
4%
$443
Other
25%
$2,770