This property looks like a bad Airbnb investment with a projected -34.73% first-year return on $501k initial cash invested.
-34.73%
Cash On Cash
-0.78%
Cap Rate
-0.12
DSCR
$2,606
Rent
-$14,499
Cashflow
Cash Flow
$2,606 income − $17,105 expenses = $14,499 out of pocket
Investment Breakdown
|
Purchase Price
$2300k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$501k
Downpayment
20%
$460k
Closing costs
1%
$23,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,606
Total Expenses
$17,105
Mortgage P&I
495%
$12,902
Property Taxes
82%
$2,147
Home Insurance
31%
$805
HOA
0%
$0
Property Management
15%
$391
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$652