This property looks like a bad Airbnb investment with a projected -31.77% first-year return on $297k initial cash invested.
-31.77%
Cash On Cash
-0.27%
Cap Rate
-0.04
DSCR
$2,765
Rent
-$7,876
Cashflow
Cash Flow
$2,765 income − $10,641 expenses = $7,876 out of pocket
Investment Breakdown
|
Purchase Price
$1331k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$297k
Downpayment
20%
$266k
Closing costs
1%
$13,308
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,765
Total Expenses
$10,641
Mortgage P&I
270%
$7,465
Property Taxes
49%
$1,360
Home Insurance
18%
$488
HOA
0%
$0
Property Management
15%
$415
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$691