This property looks like a bad Airbnb investment with a projected -30.45% first-year return on $317k initial cash invested.
-30.45%
Cash On Cash
0.19%
Cap Rate
0.03
DSCR
$2,656
Rent
-$8,049
Cashflow
Cash Flow
$2,656 income − $10,705 expenses = $8,049 out of pocket
Investment Breakdown
|
Purchase Price
$1425k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$317k
Downpayment
20%
$285k
Closing costs
1%
$14,250
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,656
Total Expenses
$10,705
Mortgage P&I
308%
$8,171
Property Taxes
17%
$444
Home Insurance
19%
$499
HOA
12%
$317
Property Management
15%
$398
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$664