This property looks like a bad Airbnb investment with a projected -27.67% first-year return on $332k initial cash invested.
-27.67%
Cash On Cash
0.55%
Cap Rate
0.08
DSCR
$4,505
Rent
-$7,655
Cashflow
Cash Flow
$4,505 income − $12,160 expenses = $7,655 out of pocket
Investment Breakdown
|
Purchase Price
$1495k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$332k
Downpayment
20%
$299k
Closing costs
1%
$14,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,505
Total Expenses
$12,160
Mortgage P&I
181%
$8,154
Property Taxes
29%
$1,321
Home Insurance
12%
$523
HOA
0%
$0
Property Management
15%
$676
CapEx
4%
$180
Vacancy
0%
$0
Maintenance
4%
$180
Other
25%
$1,126