This property looks like a bad Airbnb investment with a projected -29.94% first-year return on $642k initial cash invested.
-29.94%
Cash On Cash
-0.08%
Cap Rate
-0.01
DSCR
$4,217
Rent
-$16,007
Cashflow
Cash Flow
$4,217 income − $20,224 expenses = $16,007 out of pocket
Investment Breakdown
|
Purchase Price
$2970k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$642k
Downpayment
20%
$594k
Closing costs
1%
$29,695
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,217
Total Expenses
$20,224
Mortgage P&I
371%
$15,647
Property Taxes
17%
$732
Home Insurance
43%
$1,820
HOA
0%
$0
Property Management
15%
$633
CapEx
4%
$169
Vacancy
0%
$0
Maintenance
4%
$169
Other
25%
$1,054