This property looks like a bad Airbnb investment with a projected -33.32% first-year return on $564k initial cash invested.
-33.32%
Cash On Cash
-1.02%
Cap Rate
-0.17
DSCR
$4,843
Rent
-$15,661
Cashflow
Cash Flow
$4,843 income − $20,504 expenses = $15,661 out of pocket
Investment Breakdown
|
Purchase Price
$2600k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$564k
Downpayment
20%
$520k
Closing costs
1%
$26,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,843
Total Expenses
$20,504
Mortgage P&I
274%
$13,261
Property Taxes
83%
$4,008
Home Insurance
19%
$910
HOA
0%
$0
Property Management
15%
$726
CapEx
4%
$194
Vacancy
0%
$0
Maintenance
4%
$194
Other
25%
$1,211