This property looks like a bad Airbnb investment with a projected -34.33% first-year return on $337k initial cash invested.
-34.33%
Cash On Cash
-1%
Cap Rate
-0.15
DSCR
$2,451
Rent
-$9,631
Cashflow
Cash Flow
$2,451 income − $12,082 expenses = $9,631 out of pocket
Investment Breakdown
|
Purchase Price
$1517k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$337k
Downpayment
20%
$303k
Closing costs
1%
$15,172
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,451
Total Expenses
$12,082
Mortgage P&I
337%
$8,268
Property Taxes
75%
$1,848
Home Insurance
27%
$663
HOA
5%
$126
Property Management
15%
$368
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$613