This property looks like a bad Airbnb investment with a projected -35.97% first-year return on $364k initial cash invested.
-35.97%
Cash On Cash
-1.27%
Cap Rate
-0.19
DSCR
$1,114
Rent
-$10,904
Cashflow
Cash Flow
$1,114 income − $12,018 expenses = $10,904 out of pocket
Investment Breakdown
|
Purchase Price
$1646k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$364k
Downpayment
20%
$329k
Closing costs
1%
$16,464
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,114
Total Expenses
$12,018
Mortgage P&I
819%
$9,122
Property Taxes
144%
$1,609
Home Insurance
52%
$578
HOA
16%
$174
Property Management
15%
$167
CapEx
4%
$45
Vacancy
0%
$0
Maintenance
4%
$45
Other
25%
$278