This property looks like a bad Airbnb investment with a projected -25.82% first-year return on $560k initial cash invested.
-25.82%
Cash On Cash
0.78%
Cap Rate
0.12
DSCR
$5,798
Rent
-$12,048
Cashflow
Cash Flow
$5,798 income − $17,846 expenses = $12,048 out of pocket
Investment Breakdown
|
Purchase Price
$2581k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$560k
Downpayment
20%
$516k
Closing costs
1%
$25,806
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,798
Total Expenses
$17,846
Mortgage P&I
233%
$13,502
Property Taxes
9%
$525
Home Insurance
17%
$962
HOA
1%
$73
Property Management
15%
$870
CapEx
4%
$232
Vacancy
0%
$0
Maintenance
4%
$232
Other
25%
$1,450