This property looks like a bad Airbnb investment with a projected -29.71% first-year return on $354k initial cash invested.
-29.71%
Cash On Cash
-0.42%
Cap Rate
-0.07
DSCR
$2,896
Rent
-$8,764
Cashflow
Cash Flow
$2,896 income − $11,660 expenses = $8,764 out of pocket
Investment Breakdown
|
Purchase Price
$1600k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$354k
Downpayment
20%
$320k
Closing costs
1%
$16,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,896
Total Expenses
$11,660
Mortgage P&I
279%
$8,094
Property Taxes
49%
$1,413
Home Insurance
19%
$560
HOA
7%
$203
Property Management
15%
$434
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$724