This property looks like a bad Airbnb investment with a projected -25.82% first-year return on $456k initial cash invested.
-25.82%
Cash On Cash
1.24%
Cap Rate
0.18
DSCR
$5,383
Rent
-$9,818
Cashflow
Cash Flow
$5,383 income − $15,201 expenses = $9,818 out of pocket
Investment Breakdown
|
Purchase Price
$2087k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$456k
Downpayment
20%
$417k
Closing costs
1%
$20,870
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,383
Total Expenses
$15,201
Mortgage P&I
218%
$11,755
Property Taxes
2%
$133
Home Insurance
14%
$730
HOA
0%
$0
Property Management
15%
$807
CapEx
4%
$215
Vacancy
0%
$0
Maintenance
4%
$215
Other
25%
$1,346