This property looks like a bad Airbnb investment with a projected -36.8% first-year return on $347k initial cash invested.
-36.8%
Cash On Cash
-1.55%
Cap Rate
-0.23
DSCR
$0
Rent
-$10,650
Cashflow
Cash Flow
$0 income − $10,650 expenses = $10,650 out of pocket
Investment Breakdown
|
Purchase Price
$1568k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$347k
Downpayment
20%
$314k
Closing costs
1%
$15,681
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$0
Total Expenses
$10,650
Mortgage P&I
86240000%
$8,624
Property Taxes
14660000%
$1,466
Home Insurance
5600000%
$560
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0