This property looks like a bad Airbnb investment with a projected -28.29% first-year return on $353k initial cash invested.
-28.29%
Cash On Cash
0.27%
Cap Rate
0.04
DSCR
$3,228
Rent
-$8,315
Cashflow
Cash Flow
$3,228 income − $11,543 expenses = $8,315 out of pocket
Investment Breakdown
|
Purchase Price
$1594k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$353k
Downpayment
20%
$319k
Closing costs
1%
$15,937
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,228
Total Expenses
$11,543
Mortgage P&I
265%
$8,549
Property Taxes
26%
$824
Home Insurance
19%
$621
HOA
0%
$0
Property Management
15%
$484
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$807