This property looks like a bad Airbnb investment with a projected -30.06% first-year return on $320k initial cash invested.
-30.06%
Cash On Cash
0.12%
Cap Rate
0.02
DSCR
$1,245
Rent
-$8,026
Cashflow
Cash Flow
$1,245 income − $9,271 expenses = $8,026 out of pocket
Investment Breakdown
|
Purchase Price
$1440k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$320k
Downpayment
20%
$288k
Closing costs
1%
$14,400
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,245
Total Expenses
$9,271
Mortgage P&I
653%
$8,126
Property Taxes
3%
$43
Home Insurance
40%
$504
HOA
0%
$0
Property Management
15%
$187
CapEx
4%
$50
Vacancy
0%
$0
Maintenance
4%
$50
Other
25%
$311