This property looks like a bad Airbnb investment with a projected -30.87% first-year return on $338k initial cash invested.
-30.87%
Cash On Cash
-0.36%
Cap Rate
-0.06
DSCR
$1,443
Rent
-$8,702
Cashflow
Cash Flow
$1,443 income − $10,145 expenses = $8,702 out of pocket
Investment Breakdown
|
Purchase Price
$1525k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$338k
Downpayment
20%
$305k
Closing costs
1%
$15,250
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,443
Total Expenses
$10,145
Mortgage P&I
567%
$8,181
Property Taxes
16%
$238
Home Insurance
37%
$534
HOA
35%
$499
Property Management
15%
$216
CapEx
4%
$58
Vacancy
0%
$0
Maintenance
4%
$58
Other
25%
$361