This property looks like a bad Airbnb investment with a projected -19.22% first-year return on $300k initial cash invested.
-19.22%
Cash On Cash
2.5%
Cap Rate
0.38
DSCR
$6,680
Rent
-$4,811
Cashflow
Cash Flow
$6,680 income − $11,491 expenses = $4,811 out of pocket
Investment Breakdown
|
Purchase Price
$1344k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$300k
Downpayment
20%
$269k
Closing costs
1%
$13,444
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,680
Total Expenses
$11,491
Mortgage P&I
110%
$7,344
Property Taxes
7%
$451
Home Insurance
7%
$490
HOA
0%
$0
Property Management
15%
$1,002
CapEx
4%
$267
Vacancy
0%
$0
Maintenance
4%
$267
Other
25%
$1,670