This property looks like a bad Airbnb investment with a projected -29.09% first-year return on $375k initial cash invested.
-29.09%
Cash On Cash
-0.16%
Cap Rate
-0.03
DSCR
$3,651
Rent
-$9,085
Cashflow
Cash Flow
$3,651 income − $12,736 expenses = $9,085 out of pocket
Investment Breakdown
|
Purchase Price
$1699k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$375k
Downpayment
20%
$340k
Closing costs
1%
$16,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,651
Total Expenses
$12,736
Mortgage P&I
239%
$8,717
Property Taxes
46%
$1,671
Home Insurance
16%
$595
HOA
0%
$0
Property Management
15%
$548
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$913