This property looks like a bad Airbnb investment with a projected -28.38% first-year return on $1593k initial cash invested.
-28.38%
Cash On Cash
0.26%
Cap Rate
0.04
DSCR
$9,951
Rent
-$37,673
Cashflow
Cash Flow
$9,951 income − $47,624 expenses = $37,673 out of pocket
Investment Breakdown
|
Purchase Price
$7500k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$1593k
Downpayment
20%
$1500k
Closing costs
1%
$75,000
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$9,951
Total Expenses
$47,624
Mortgage P&I
391%
$38,916
Property Taxes
13%
$1,306
Home Insurance
26%
$2,625
HOA
0%
$0
Property Management
15%
$1,493
CapEx
4%
$398
Vacancy
0%
$0
Maintenance
4%
$398
Other
25%
$2,488