This property looks like a bad Airbnb investment with a projected -21.25% first-year return on $313k initial cash invested.
-21.25%
Cash On Cash
1.56%
Cap Rate
0.26
DSCR
$6,468
Rent
-$5,546
Cashflow
Cash Flow
$6,468 income − $12,014 expenses = $5,546 out of pocket
Investment Breakdown
|
Purchase Price
$1406k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$313k
Downpayment
20%
$281k
Closing costs
1%
$14,055
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,468
Total Expenses
$12,014
Mortgage P&I
110%
$7,110
Property Taxes
20%
$1,292
Home Insurance
8%
$507
HOA
0%
$0
Property Management
15%
$970
CapEx
4%
$259
Vacancy
0%
$0
Maintenance
4%
$259
Other
25%
$1,617