This property looks like a bad Airbnb investment with a projected -27.44% first-year return on $299k initial cash invested.
-27.44%
Cash On Cash
0.71%
Cap Rate
0.11
DSCR
$4,471
Rent
-$6,839
Cashflow
Cash Flow
$4,471 income − $11,310 expenses = $6,839 out of pocket
Investment Breakdown
|
Purchase Price
$1338k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$299k
Downpayment
20%
$268k
Closing costs
1%
$13,384
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,471
Total Expenses
$11,310
Mortgage P&I
167%
$7,449
Property Taxes
27%
$1,228
Home Insurance
11%
$486
HOA
0%
$0
Property Management
15%
$671
CapEx
4%
$179
Vacancy
0%
$0
Maintenance
4%
$179
Other
25%
$1,118