This property looks like a bad Airbnb investment with a projected -30.32% first-year return on $372k initial cash invested.
-30.32%
Cash On Cash
-0.04%
Cap Rate
-0.01
DSCR
$2,196
Rent
-$9,409
Cashflow
Cash Flow
$2,196 income − $11,605 expenses = $9,409 out of pocket
Investment Breakdown
|
Purchase Price
$1688k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$372k
Downpayment
20%
$338k
Closing costs
1%
$16,875
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,196
Total Expenses
$11,605
Mortgage P&I
422%
$9,266
Property Taxes
20%
$444
Home Insurance
27%
$591
HOA
11%
$250
Property Management
15%
$329
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$549