This property looks like a bad Airbnb investment with a projected -28.12% first-year return on $330k initial cash invested.
-28.12%
Cash On Cash
0.37%
Cap Rate
0.06
DSCR
$4,296
Rent
-$7,730
Cashflow
Cash Flow
$4,296 income − $12,026 expenses = $7,730 out of pocket
Investment Breakdown
|
Purchase Price
$1485k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$330k
Downpayment
20%
$297k
Closing costs
1%
$14,850
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,296
Total Expenses
$12,026
Mortgage P&I
187%
$8,021
Property Taxes
33%
$1,423
Home Insurance
12%
$520
HOA
0%
$0
Property Management
15%
$644
CapEx
4%
$172
Vacancy
0%
$0
Maintenance
4%
$172
Other
25%
$1,074