This property looks like a bad Airbnb investment with a projected -21.11% first-year return on $344k initial cash invested.
-21.11%
Cash On Cash
1.66%
Cap Rate
0.27
DSCR
$5,565
Rent
-$6,043
Cashflow
Cash Flow
$5,565 income − $11,608 expenses = $6,043 out of pocket
Investment Breakdown
|
Purchase Price
$1550k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$344k
Downpayment
20%
$310k
Closing costs
1%
$15,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,565
Total Expenses
$11,608
Mortgage P&I
143%
$7,960
Property Taxes
8%
$434
Home Insurance
10%
$542
HOA
0%
$0
Property Management
15%
$835
CapEx
4%
$223
Vacancy
0%
$0
Maintenance
4%
$223
Other
25%
$1,391