This property looks like a bad Airbnb investment with a projected -23.07% first-year return on $438k initial cash invested.
-23.07%
Cash On Cash
1.23%
Cap Rate
0.2
DSCR
$5,282
Rent
-$8,412
Cashflow
Cash Flow
$5,282 income − $13,694 expenses = $8,412 out of pocket
Investment Breakdown
|
Purchase Price
$1998k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$438k
Downpayment
20%
$400k
Closing costs
1%
$19,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,282
Total Expenses
$13,694
Mortgage P&I
194%
$10,244
Property Taxes
4%
$217
Home Insurance
13%
$699
HOA
0%
$0
Property Management
15%
$792
CapEx
4%
$211
Vacancy
0%
$0
Maintenance
4%
$211
Other
25%
$1,320