This property looks like a bad Airbnb investment with a projected -33.97% first-year return on $353k initial cash invested.
-33.97%
Cash On Cash
-1.04%
Cap Rate
-0.16
DSCR
$1,444
Rent
-$9,992
Cashflow
Cash Flow
$1,444 income − $11,436 expenses = $9,992 out of pocket
Investment Breakdown
|
Purchase Price
$1595k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$353k
Downpayment
20%
$319k
Closing costs
1%
$15,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,444
Total Expenses
$11,436
Mortgage P&I
593%
$8,556
Property Taxes
81%
$1,163
Home Insurance
39%
$558
HOA
32%
$465
Property Management
15%
$217
CapEx
4%
$58
Vacancy
0%
$0
Maintenance
4%
$58
Other
25%
$361