This property looks like a bad Airbnb investment with a projected -25.63% first-year return on $638k initial cash invested.
-25.63%
Cash On Cash
0.7%
Cap Rate
0.11
DSCR
$5,555
Rent
-$13,614
Cashflow
Cash Flow
$5,555 income − $19,169 expenses = $13,614 out of pocket
Investment Breakdown
|
Purchase Price
$2950k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$638k
Downpayment
20%
$590k
Closing costs
1%
$29,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,555
Total Expenses
$19,169
Mortgage P&I
272%
$15,111
Property Taxes
6%
$360
Home Insurance
19%
$1,032
HOA
0%
$0
Property Management
15%
$833
CapEx
4%
$222
Vacancy
0%
$0
Maintenance
4%
$222
Other
25%
$1,389