This property looks like a bad Airbnb investment with a projected -23.59% first-year return on $312k initial cash invested.
-23.59%
Cash On Cash
1.58%
Cap Rate
0.24
DSCR
$6,502
Rent
-$6,128
Cashflow
Cash Flow
$6,502 income − $12,630 expenses = $6,128 out of pocket
Investment Breakdown
|
Purchase Price
$1399k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$312k
Downpayment
20%
$280k
Closing costs
1%
$13,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,502
Total Expenses
$12,630
Mortgage P&I
119%
$7,713
Property Taxes
20%
$1,306
Home Insurance
8%
$490
HOA
0%
$0
Property Management
15%
$975
CapEx
4%
$260
Vacancy
0%
$0
Maintenance
4%
$260
Other
25%
$1,626