This property looks like a bad Airbnb investment with a projected -35.95% first-year return on $638k initial cash invested.
-35.95%
Cash On Cash
-0.98%
Cap Rate
-0.15
DSCR
$3,390
Rent
-$19,099
Cashflow
Cash Flow
$3,390 income − $22,489 expenses = $19,099 out of pocket
Investment Breakdown
|
Purchase Price
$2950k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$638k
Downpayment
20%
$590k
Closing costs
1%
$29,500
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,390
Total Expenses
$22,489
Mortgage P&I
488%
$16,548
Property Taxes
77%
$2,606
Home Insurance
30%
$1,032
HOA
20%
$675
Property Management
15%
$508
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$848