This property looks like a bad Airbnb investment with a projected -31.18% first-year return on $517k initial cash invested.
-31.18%
Cash On Cash
0.08%
Cap Rate
0.01
DSCR
$6,269
Rent
-$13,429
Cashflow
Cash Flow
$6,269 income − $19,698 expenses = $13,429 out of pocket
Investment Breakdown
|
Purchase Price
$2376k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$517k
Downpayment
20%
$475k
Closing costs
1%
$23,757
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,269
Total Expenses
$19,698
Mortgage P&I
213%
$13,327
Property Taxes
35%
$2,164
Home Insurance
14%
$858
HOA
5%
$340
Property Management
15%
$940
CapEx
4%
$251
Vacancy
0%
$0
Maintenance
4%
$251
Other
25%
$1,567