This property looks like a bad Airbnb investment with a projected -28.92% first-year return on $710k initial cash invested.
-28.92%
Cash On Cash
0.18%
Cap Rate
0.03
DSCR
$3,954
Rent
-$17,109
Cashflow
Cash Flow
$3,954 income − $21,063 expenses = $17,109 out of pocket
Investment Breakdown
|
Purchase Price
$3295k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$710k
Downpayment
20%
$659k
Closing costs
1%
$32,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,954
Total Expenses
$21,063
Mortgage P&I
441%
$17,456
Property Taxes
14%
$534
Home Insurance
29%
$1,153
HOA
1%
$23
Property Management
15%
$593
CapEx
4%
$158
Vacancy
0%
$0
Maintenance
4%
$158
Other
25%
$988