This property looks like a bad Airbnb investment with a projected -19.85% first-year return on $354k initial cash invested.
-19.85%
Cash On Cash
1.79%
Cap Rate
0.3
DSCR
$5,712
Rent
-$5,848
Cashflow
Cash Flow
$5,712 income − $11,560 expenses = $5,848 out of pocket
Investment Breakdown
|
Purchase Price
$1598k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$354k
Downpayment
20%
$320k
Closing costs
1%
$15,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,712
Total Expenses
$11,560
Mortgage P&I
140%
$8,001
Property Taxes
5%
$259
Home Insurance
10%
$559
HOA
0%
$0
Property Management
15%
$857
CapEx
4%
$228
Vacancy
0%
$0
Maintenance
4%
$228
Other
25%
$1,428