This property looks like a bad Airbnb investment with a projected -18.95% first-year return on $306k initial cash invested.
-18.95%
Cash On Cash
2.46%
Cap Rate
0.38
DSCR
$8,271
Rent
-$4,837
Cashflow
Cash Flow
$8,271 income − $13,108 expenses = $4,837 out of pocket
Investment Breakdown
|
Purchase Price
$1373k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$306k
Downpayment
20%
$275k
Closing costs
1%
$13,731
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,271
Total Expenses
$13,108
Mortgage P&I
88%
$7,318
Property Taxes
16%
$1,329
Home Insurance
6%
$490
HOA
0%
$0
Property Management
15%
$1,241
CapEx
4%
$331
Vacancy
0%
$0
Maintenance
4%
$331
Other
25%
$2,068