This property looks like a bad Airbnb investment with a projected -23.4% first-year return on $465k initial cash invested.
-23.4%
Cash On Cash
1.71%
Cap Rate
0.26
DSCR
$8,309
Rent
-$9,068
Cashflow
Cash Flow
$8,309 income − $17,377 expenses = $9,068 out of pocket
Investment Breakdown
|
Purchase Price
$2129k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$465k
Downpayment
20%
$426k
Closing costs
1%
$21,285
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,309
Total Expenses
$17,377
Mortgage P&I
142%
$11,770
Property Taxes
10%
$852
Home Insurance
9%
$768
HOA
0%
$0
Property Management
15%
$1,246
CapEx
4%
$332
Vacancy
0%
$0
Maintenance
4%
$332
Other
25%
$2,077