This property looks like a bad Airbnb investment with a projected -27.04% first-year return on $394k initial cash invested.
-27.04%
Cash On Cash
0.26%
Cap Rate
0.04
DSCR
$3,756
Rent
-$8,884
Cashflow
Cash Flow
$3,756 income − $12,640 expenses = $8,884 out of pocket
Investment Breakdown
|
Purchase Price
$1792k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$394k
Downpayment
20%
$358k
Closing costs
1%
$17,917
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,756
Total Expenses
$12,640
Mortgage P&I
243%
$9,118
Property Taxes
26%
$989
Home Insurance
17%
$648
HOA
2%
$83
Property Management
15%
$563
CapEx
4%
$150
Vacancy
0%
$0
Maintenance
4%
$150
Other
25%
$939