This property looks like a bad Airbnb investment with a projected -25.95% first-year return on $330k initial cash invested.
-25.95%
Cash On Cash
1.06%
Cap Rate
0.16
DSCR
$5,309
Rent
-$7,128
Cashflow
Cash Flow
$5,309 income − $12,437 expenses = $7,128 out of pocket
Investment Breakdown
|
Purchase Price
$1484k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$330k
Downpayment
20%
$297k
Closing costs
1%
$14,840
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,309
Total Expenses
$12,437
Mortgage P&I
155%
$8,223
Property Taxes
23%
$1,229
Home Insurance
8%
$438
HOA
0%
$0
Property Management
15%
$796
CapEx
4%
$212
Vacancy
0%
$0
Maintenance
4%
$212
Other
25%
$1,327