This property looks like a bad Airbnb investment with a projected -26.81% first-year return on $308k initial cash invested.
-26.81%
Cash On Cash
0.68%
Cap Rate
0.1
DSCR
$3,931
Rent
-$6,871
Cashflow
Cash Flow
$3,931 income − $10,802 expenses = $6,871 out of pocket
Investment Breakdown
|
Purchase Price
$1379k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$308k
Downpayment
20%
$276k
Closing costs
1%
$13,790
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,931
Total Expenses
$10,802
Mortgage P&I
191%
$7,492
Property Taxes
24%
$940
Home Insurance
12%
$483
HOA
0%
$0
Property Management
15%
$590
CapEx
4%
$157
Vacancy
0%
$0
Maintenance
4%
$157
Other
25%
$983