This property looks like a bad Airbnb investment with a projected -35.59% first-year return on $304k initial cash invested.
-35.59%
Cash On Cash
-1.78%
Cap Rate
-0.29
DSCR
$0
Rent
-$9,015
Cashflow
Cash Flow
$0 income − $9,015 expenses = $9,015 out of pocket
Investment Breakdown
|
Purchase Price
$1362k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$304k
Downpayment
20%
$272k
Closing costs
1%
$13,616
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$0
Total Expenses
$9,015
Mortgage P&I
69960000%
$6,996
Property Taxes
15310000%
$1,531
Home Insurance
4880000%
$488
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0