This property looks like a bad Airbnb investment with a projected -22.21% first-year return on $385k initial cash invested.
-22.21%
Cash On Cash
1.32%
Cap Rate
0.22
DSCR
$6,313
Rent
-$7,128
Cashflow
Cash Flow
$6,313 income − $13,441 expenses = $7,128 out of pocket
Investment Breakdown
|
Purchase Price
$1748k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$385k
Downpayment
20%
$350k
Closing costs
1%
$17,484
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,313
Total Expenses
$13,441
Mortgage P&I
139%
$8,801
Property Taxes
15%
$961
Home Insurance
10%
$648
HOA
0%
$0
Property Management
15%
$947
CapEx
4%
$253
Vacancy
0%
$0
Maintenance
4%
$253
Other
25%
$1,578