This property looks like a bad Airbnb investment with a projected -30.45% first-year return on $438k initial cash invested.
-30.45%
Cash On Cash
0.19%
Cap Rate
0.03
DSCR
$5,459
Rent
-$11,113
Cashflow
Cash Flow
$5,459 income − $16,572 expenses = $11,113 out of pocket
Investment Breakdown
|
Purchase Price
$2000k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$438k
Downpayment
20%
$400k
Closing costs
1%
$20,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,459
Total Expenses
$16,572
Mortgage P&I
206%
$11,219
Property Taxes
37%
$2,033
Home Insurance
13%
$700
HOA
0%
$0
Property Management
15%
$819
CapEx
4%
$218
Vacancy
0%
$0
Maintenance
4%
$218
Other
25%
$1,365