This property looks like a bad Airbnb investment with a projected -32.16% first-year return on $417k initial cash invested.
-32.16%
Cash On Cash
-0.29%
Cap Rate
-0.04
DSCR
$3,707
Rent
-$11,166
Cashflow
Cash Flow
$3,707 income − $14,873 expenses = $11,166 out of pocket
Investment Breakdown
|
Purchase Price
$1898k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$417k
Downpayment
20%
$380k
Closing costs
1%
$18,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,707
Total Expenses
$14,873
Mortgage P&I
285%
$10,564
Property Taxes
50%
$1,866
Home Insurance
18%
$664
HOA
0%
$0
Property Management
15%
$556
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$927