This property looks like a bad Airbnb investment with a projected -36.68% first-year return on $911k initial cash invested.
-36.68%
Cash On Cash
-1.09%
Cap Rate
-0.16
DSCR
$2,820
Rent
-$27,830
Cashflow
Cash Flow
$2,820 income − $30,650 expenses = $27,830 out of pocket
Investment Breakdown
|
Purchase Price
$4250k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$911k
Downpayment
20%
$850k
Closing costs
1%
$42,500
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$2,820
Total Expenses
$30,650
Mortgage P&I
845%
$23,841
Property Taxes
141%
$3,967
Home Insurance
53%
$1,488
HOA
0%
$0
Property Management
15%
$423
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$705