This property looks like a bad Airbnb investment with a projected -35.09% first-year return on $548k initial cash invested.
-35.09%
Cash On Cash
-0.8%
Cap Rate
-0.12
DSCR
$4,629
Rent
-$16,031
Cashflow
Cash Flow
$4,629 income − $20,660 expenses = $16,031 out of pocket
Investment Breakdown
|
Purchase Price
$2525k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$548k
Downpayment
20%
$505k
Closing costs
1%
$25,250
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,629
Total Expenses
$20,660
Mortgage P&I
306%
$14,164
Property Taxes
67%
$3,094
Home Insurance
26%
$1,181
HOA
0%
$0
Property Management
15%
$694
CapEx
4%
$185
Vacancy
0%
$0
Maintenance
4%
$185
Other
25%
$1,157