This property looks like a bad Airbnb investment with a projected -28.14% first-year return on $575k initial cash invested.
-28.14%
Cash On Cash
0.31%
Cap Rate
0.05
DSCR
$3,229
Rent
-$13,473
Cashflow
Cash Flow
$3,229 income − $16,702 expenses = $13,473 out of pocket
Investment Breakdown
|
Purchase Price
$2650k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$575k
Downpayment
20%
$530k
Closing costs
1%
$26,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,229
Total Expenses
$16,702
Mortgage P&I
435%
$14,039
Property Taxes
6%
$186
Home Insurance
29%
$928
HOA
0%
$0
Property Management
15%
$484
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$807