This property looks like a bad Airbnb investment with a projected -36.07% first-year return on $522k initial cash invested.
-36.07%
Cash On Cash
-1.08%
Cap Rate
-0.16
DSCR
$1,739
Rent
-$15,703
Cashflow
Cash Flow
$1,739 income − $17,442 expenses = $15,703 out of pocket
Investment Breakdown
|
Purchase Price
$2402k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$522k
Downpayment
20%
$480k
Closing costs
1%
$24,017
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,739
Total Expenses
$17,442
Mortgage P&I
775%
$13,473
Property Taxes
133%
$2,311
Home Insurance
47%
$822
HOA
0%
$0
Property Management
15%
$261
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$435