This property looks like a bad Airbnb investment with a projected -30.86% first-year return on $345k initial cash invested.
-30.86%
Cash On Cash
-0.3%
Cap Rate
-0.05
DSCR
$2,605
Rent
-$8,860
Cashflow
Cash Flow
$2,605 income − $11,465 expenses = $8,860 out of pocket
Investment Breakdown
|
Purchase Price
$1555k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$345k
Downpayment
20%
$311k
Closing costs
1%
$15,549
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,605
Total Expenses
$11,465
Mortgage P&I
321%
$8,365
Property Taxes
51%
$1,325
Home Insurance
20%
$525
HOA
0%
$0
Property Management
15%
$391
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$651