This property looks like a bad Airbnb investment with a projected -28.32% first-year return on $311k initial cash invested.
-28.32%
Cash On Cash
0.57%
Cap Rate
0.08
DSCR
$4,451
Rent
-$7,339
Cashflow
Cash Flow
$4,451 income − $11,790 expenses = $7,339 out of pocket
Investment Breakdown
|
Purchase Price
$1395k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$311k
Downpayment
20%
$279k
Closing costs
1%
$13,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,451
Total Expenses
$11,790
Mortgage P&I
176%
$7,825
Property Taxes
29%
$1,302
Home Insurance
11%
$488
HOA
1%
$38
Property Management
15%
$668
CapEx
4%
$178
Vacancy
0%
$0
Maintenance
4%
$178
Other
25%
$1,113