This property looks like a bad Airbnb investment with a projected -33.04% first-year return on $500k initial cash invested.
-33.04%
Cash On Cash
-1.13%
Cap Rate
-0.19
DSCR
$3,927
Rent
-$13,763
Cashflow
Cash Flow
$3,927 income − $17,690 expenses = $13,763 out of pocket
Investment Breakdown
|
Purchase Price
$2295k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$500k
Downpayment
20%
$459k
Closing costs
1%
$22,949
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,927
Total Expenses
$17,690
Mortgage P&I
292%
$11,454
Property Taxes
90%
$3,546
Home Insurance
21%
$805
HOA
0%
$0
Property Management
15%
$589
CapEx
4%
$157
Vacancy
0%
$0
Maintenance
4%
$157
Other
25%
$982