This property looks like a bad Airbnb investment with a projected -24.66% first-year return on $328k initial cash invested.
-24.66%
Cash On Cash
0.73%
Cap Rate
0.12
DSCR
$4,569
Rent
-$6,746
Cashflow
Cash Flow
$4,569 income − $11,315 expenses = $6,746 out of pocket
Investment Breakdown
|
Purchase Price
$1477k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$328k
Downpayment
20%
$295k
Closing costs
1%
$14,773
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,569
Total Expenses
$11,315
Mortgage P&I
163%
$7,461
Property Taxes
25%
$1,136
Home Insurance
11%
$525
HOA
0%
$0
Property Management
15%
$685
CapEx
4%
$183
Vacancy
0%
$0
Maintenance
4%
$183
Other
25%
$1,142