This property looks like a bad Airbnb investment with a projected -31.03% first-year return on $412k initial cash invested.
-31.03%
Cash On Cash
0.03%
Cap Rate
0
DSCR
$4,444
Rent
-$10,662
Cashflow
Cash Flow
$4,444 income − $15,106 expenses = $10,662 out of pocket
Investment Breakdown
|
Purchase Price
$1878k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$412k
Downpayment
20%
$376k
Closing costs
1%
$18,775
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,444
Total Expenses
$15,106
Mortgage P&I
237%
$10,532
Property Taxes
41%
$1,800
Home Insurance
14%
$640
HOA
0%
$0
Property Management
15%
$667
CapEx
4%
$178
Vacancy
0%
$0
Maintenance
4%
$178
Other
25%
$1,111