This property looks like a bad Airbnb investment with a projected -23.17% first-year return on $309k initial cash invested.
-23.17%
Cash On Cash
1.04%
Cap Rate
0.17
DSCR
$3,636
Rent
-$5,964
Cashflow
Cash Flow
$3,636 income − $9,600 expenses = $5,964 out of pocket
Investment Breakdown
|
Purchase Price
$1385k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$309k
Downpayment
20%
$277k
Closing costs
1%
$13,850
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,636
Total Expenses
$9,600
Mortgage P&I
193%
$7,014
Property Taxes
10%
$357
Home Insurance
13%
$485
HOA
0%
$0
Property Management
15%
$545
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$909