This property looks like a bad Airbnb investment with a projected -28.82% first-year return on $305k initial cash invested.
-28.82%
Cash On Cash
0.48%
Cap Rate
0.07
DSCR
$3,032
Rent
-$7,328
Cashflow
Cash Flow
$3,032 income − $10,360 expenses = $7,328 out of pocket
Investment Breakdown
|
Purchase Price
$1367k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$305k
Downpayment
20%
$273k
Closing costs
1%
$13,671
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,032
Total Expenses
$10,360
Mortgage P&I
256%
$7,758
Property Taxes
21%
$639
Home Insurance
17%
$508
HOA
0%
$0
Property Management
15%
$455
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$758