This property looks like a bad Airbnb investment with a projected -28.44% first-year return on $311k initial cash invested.
-28.44%
Cash On Cash
0.32%
Cap Rate
0.05
DSCR
$3,977
Rent
-$7,370
Cashflow
Cash Flow
$3,977 income − $11,347 expenses = $7,370 out of pocket
Investment Breakdown
|
Purchase Price
$1395k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$311k
Downpayment
20%
$279k
Closing costs
1%
$13,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,977
Total Expenses
$11,347
Mortgage P&I
191%
$7,578
Property Taxes
35%
$1,372
Home Insurance
12%
$488
HOA
0%
$0
Property Management
15%
$597
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$994