This property looks like a bad Airbnb investment with a projected -23.35% first-year return on $303k initial cash invested.
-23.35%
Cash On Cash
1.04%
Cap Rate
0.17
DSCR
$5,520
Rent
-$5,889
Cashflow
Cash Flow
$5,520 income − $11,409 expenses = $5,889 out of pocket
Investment Breakdown
|
Purchase Price
$1356k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$303k
Downpayment
20%
$271k
Closing costs
1%
$13,555
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,520
Total Expenses
$11,409
Mortgage P&I
124%
$6,842
Property Taxes
26%
$1,427
Home Insurance
9%
$490
HOA
0%
$0
Property Management
15%
$828
CapEx
4%
$221
Vacancy
0%
$0
Maintenance
4%
$221
Other
25%
$1,380