This property looks like a bad Airbnb investment with a projected -24.11% first-year return on $320k initial cash invested.
-24.11%
Cash On Cash
1.27%
Cap Rate
0.2
DSCR
$7,203
Rent
-$6,432
Cashflow
Cash Flow
$7,203 income − $13,635 expenses = $6,432 out of pocket
Investment Breakdown
|
Purchase Price
$1439k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$320k
Downpayment
20%
$288k
Closing costs
1%
$14,389
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,203
Total Expenses
$13,635
Mortgage P&I
106%
$7,668
Property Taxes
25%
$1,812
Home Insurance
10%
$698
HOA
0%
$0
Property Management
15%
$1,080
CapEx
4%
$288
Vacancy
0%
$0
Maintenance
4%
$288
Other
25%
$1,801