This property looks like a bad Airbnb investment with a projected -21.46% first-year return on $322k initial cash invested.
-21.46%
Cash On Cash
1.79%
Cap Rate
0.28
DSCR
$5,461
Rent
-$5,751
Cashflow
Cash Flow
$5,461 income − $11,212 expenses = $5,751 out of pocket
Investment Breakdown
|
Purchase Price
$1446k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$322k
Downpayment
20%
$289k
Closing costs
1%
$14,457
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,461
Total Expenses
$11,212
Mortgage P&I
141%
$7,695
Property Taxes
8%
$451
Home Insurance
8%
$446
HOA
0%
$0
Property Management
15%
$819
CapEx
4%
$218
Vacancy
0%
$0
Maintenance
4%
$218
Other
25%
$1,365