This property looks like a bad Airbnb investment with a projected -28.63% first-year return on $370k initial cash invested.
-28.63%
Cash On Cash
0.23%
Cap Rate
0.04
DSCR
$4,762
Rent
-$8,818
Cashflow
Cash Flow
$4,762 income − $13,580 expenses = $8,818 out of pocket
Investment Breakdown
|
Purchase Price
$1674k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$370k
Downpayment
20%
$335k
Closing costs
1%
$16,742
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,762
Total Expenses
$13,580
Mortgage P&I
188%
$8,944
Property Taxes
36%
$1,731
Home Insurance
13%
$621
HOA
0%
$0
Property Management
15%
$714
CapEx
4%
$190
Vacancy
0%
$0
Maintenance
4%
$190
Other
25%
$1,190