This property looks like a bad Airbnb investment with a projected -27.44% first-year return on $372k initial cash invested.
-27.44%
Cash On Cash
0.15%
Cap Rate
0.02
DSCR
$4,837
Rent
-$8,497
Cashflow
Cash Flow
$4,837 income − $13,334 expenses = $8,497 out of pocket
Investment Breakdown
|
Purchase Price
$1684k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$372k
Downpayment
20%
$337k
Closing costs
1%
$16,835
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,837
Total Expenses
$13,334
Mortgage P&I
176%
$8,509
Property Taxes
39%
$1,870
Home Insurance
13%
$628
HOA
0%
$6
Property Management
15%
$726
CapEx
4%
$193
Vacancy
0%
$0
Maintenance
4%
$193
Other
25%
$1,209