This property looks like a bad Airbnb investment with a projected -27.45% first-year return on $331k initial cash invested.
-27.45%
Cash On Cash
0.72%
Cap Rate
0.11
DSCR
$2,633
Rent
-$7,570
Cashflow
Cash Flow
$2,633 income − $10,203 expenses = $7,570 out of pocket
Investment Breakdown
|
Purchase Price
$1490k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$331k
Downpayment
20%
$298k
Closing costs
1%
$14,900
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,633
Total Expenses
$10,203
Mortgage P&I
318%
$8,360
Property Taxes
2%
$58
Home Insurance
20%
$522
HOA
0%
$0
Property Management
15%
$395
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$658