This property looks like a bad Airbnb investment with a projected -25.83% first-year return on $449k initial cash invested.
-25.83%
Cash On Cash
0.43%
Cap Rate
0.07
DSCR
$5,046
Rent
-$9,667
Cashflow
Cash Flow
$5,046 income − $14,713 expenses = $9,667 out of pocket
Investment Breakdown
|
Purchase Price
$2053k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$449k
Downpayment
20%
$411k
Closing costs
1%
$20,525
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,046
Total Expenses
$14,713
Mortgage P&I
202%
$10,199
Property Taxes
27%
$1,356
Home Insurance
15%
$735
HOA
0%
$0
Property Management
15%
$757
CapEx
4%
$202
Vacancy
0%
$0
Maintenance
4%
$202
Other
25%
$1,262