This property looks like a bad Airbnb investment with a projected -32.54% first-year return on $686k initial cash invested.
-32.54%
Cash On Cash
-0.3%
Cap Rate
-0.05
DSCR
$6,919
Rent
-$18,616
Cashflow
Cash Flow
$6,919 income − $25,535 expenses = $18,616 out of pocket
Investment Breakdown
|
Purchase Price
$3183k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$686k
Downpayment
20%
$637k
Closing costs
1%
$31,831
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,919
Total Expenses
$25,535
Mortgage P&I
254%
$17,548
Property Taxes
44%
$3,043
Home Insurance
17%
$1,172
HOA
7%
$450
Property Management
15%
$1,038
CapEx
4%
$277
Vacancy
0%
$0
Maintenance
4%
$277
Other
25%
$1,730