This property looks like a bad Airbnb investment with a projected -29.77% first-year return on $323k initial cash invested.
-29.77%
Cash On Cash
-0.33%
Cap Rate
-0.05
DSCR
$1,966
Rent
-$8,002
Cashflow
Cash Flow
$1,966 income − $9,968 expenses = $8,002 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$323k
Downpayment
20%
$290k
Closing costs
1%
$14,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,966
Total Expenses
$9,968
Mortgage P&I
383%
$7,524
Property Taxes
50%
$991
Home Insurance
26%
$508
HOA
0%
$0
Property Management
15%
$295
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$492