This property looks like a bad Airbnb investment with a projected -26.4% first-year return on $470k initial cash invested.
-26.4%
Cash On Cash
0.53%
Cap Rate
0.09
DSCR
$6,951
Rent
-$10,336
Cashflow
Cash Flow
$6,951 income − $17,287 expenses = $10,336 out of pocket
Investment Breakdown
|
Purchase Price
$2151k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$470k
Downpayment
20%
$430k
Closing costs
1%
$21,514
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,951
Total Expenses
$17,287
Mortgage P&I
158%
$11,001
Property Taxes
31%
$2,180
Home Insurance
11%
$769
HOA
0%
$0
Property Management
15%
$1,043
CapEx
4%
$278
Vacancy
0%
$0
Maintenance
4%
$278
Other
25%
$1,738