This property looks like a bad Airbnb investment with a projected -31.04% first-year return on $301k initial cash invested.
-31.04%
Cash On Cash
-0.71%
Cap Rate
-0.12
DSCR
$2,815
Rent
-$7,785
Cashflow
Cash Flow
$2,815 income − $10,600 expenses = $7,785 out of pocket
Investment Breakdown
|
Purchase Price
$1348k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$301k
Downpayment
20%
$270k
Closing costs
1%
$13,475
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,815
Total Expenses
$10,600
Mortgage P&I
244%
$6,871
Property Taxes
73%
$2,045
Home Insurance
12%
$332
HOA
0%
$0
Property Management
15%
$422
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$704