This property looks like a bad Airbnb investment with a projected -23.5% first-year return on $480k initial cash invested.
-23.5%
Cash On Cash
1.55%
Cap Rate
0.24
DSCR
$10,328
Rent
-$9,407
Cashflow
Cash Flow
$10,328 income − $19,735 expenses = $9,407 out of pocket
Investment Breakdown
|
Purchase Price
$2202k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$480k
Downpayment
20%
$440k
Closing costs
1%
$22,020
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$10,328
Total Expenses
$19,735
Mortgage P&I
115%
$11,846
Property Taxes
21%
$2,162
Home Insurance
7%
$770
HOA
0%
$0
Property Management
15%
$1,549
CapEx
4%
$413
Vacancy
0%
$0
Maintenance
4%
$413
Other
25%
$2,582