This property looks like a bad Airbnb investment with a projected -28.5% first-year return on $328k initial cash invested.
-28.5%
Cash On Cash
0.35%
Cap Rate
0.05
DSCR
$4,376
Rent
-$7,785
Cashflow
Cash Flow
$4,376 income − $12,161 expenses = $7,785 out of pocket
Investment Breakdown
|
Purchase Price
$1475k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$328k
Downpayment
20%
$295k
Closing costs
1%
$14,750
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,376
Total Expenses
$12,161
Mortgage P&I
184%
$8,045
Property Taxes
34%
$1,500
Home Insurance
12%
$516
HOA
0%
$0
Property Management
15%
$656
CapEx
4%
$175
Vacancy
0%
$0
Maintenance
4%
$175
Other
25%
$1,094