This property looks like a bad Airbnb investment with a projected -34.58% first-year return on $331k initial cash invested.
-34.58%
Cash On Cash
-0.89%
Cap Rate
-0.13
DSCR
$1,912
Rent
-$9,528
Cashflow
Cash Flow
$1,912 income − $11,440 expenses = $9,528 out of pocket
Investment Breakdown
|
Purchase Price
$1489k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$331k
Downpayment
20%
$298k
Closing costs
1%
$14,889
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,912
Total Expenses
$11,440
Mortgage P&I
437%
$8,352
Property Taxes
79%
$1,510
Home Insurance
28%
$542
HOA
6%
$119
Property Management
15%
$287
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$478