This property looks like a bad Airbnb investment with a projected -25.6% first-year return on $360k initial cash invested.
-25.6%
Cash On Cash
0.5%
Cap Rate
0.08
DSCR
$3,415
Rent
-$7,684
Cashflow
Cash Flow
$3,415 income − $11,099 expenses = $7,684 out of pocket
Investment Breakdown
|
Purchase Price
$1629k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$360k
Downpayment
20%
$326k
Closing costs
1%
$16,292
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,415
Total Expenses
$11,099
Mortgage P&I
241%
$8,228
Property Taxes
19%
$636
Home Insurance
17%
$595
HOA
0%
$0
Property Management
15%
$512
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$854