This property looks like a bad Airbnb investment with a projected -27.19% first-year return on $375k initial cash invested.
-27.19%
Cash On Cash
0.61%
Cap Rate
0.09
DSCR
$5,435
Rent
-$8,486
Cashflow
Cash Flow
$5,435 income − $13,921 expenses = $8,486 out of pocket
Investment Breakdown
|
Purchase Price
$1698k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$375k
Downpayment
20%
$340k
Closing costs
1%
$16,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,435
Total Expenses
$13,921
Mortgage P&I
168%
$9,134
Property Taxes
29%
$1,585
Home Insurance
11%
$594
HOA
0%
$0
Property Management
15%
$815
CapEx
4%
$217
Vacancy
0%
$0
Maintenance
4%
$217
Other
25%
$1,359