This property looks like a bad Airbnb investment with a projected -33.09% first-year return on $455k initial cash invested.
-33.09%
Cash On Cash
-1.14%
Cap Rate
-0.19
DSCR
$1,911
Rent
-$12,549
Cashflow
Cash Flow
$1,911 income − $14,460 expenses = $12,549 out of pocket
Investment Breakdown
|
Purchase Price
$2081k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$455k
Downpayment
20%
$416k
Closing costs
1%
$20,812
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,911
Total Expenses
$14,460
Mortgage P&I
549%
$10,488
Property Taxes
101%
$1,932
Home Insurance
40%
$768
HOA
19%
$355
Property Management
15%
$287
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$478