This property looks like a bad Airbnb investment with a projected -30.26% first-year return on $427k initial cash invested.
-30.26%
Cash On Cash
-0.02%
Cap Rate
0
DSCR
$6,218
Rent
-$10,756
Cashflow
Cash Flow
$6,218 income − $16,974 expenses = $10,756 out of pocket
Investment Breakdown
|
Purchase Price
$1946k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$427k
Downpayment
20%
$389k
Closing costs
1%
$19,457
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,218
Total Expenses
$16,974
Mortgage P&I
169%
$10,482
Property Taxes
33%
$2,027
Home Insurance
13%
$803
HOA
11%
$677
Property Management
15%
$933
CapEx
4%
$249
Vacancy
0%
$0
Maintenance
4%
$249
Other
25%
$1,554