This property looks like a bad Airbnb investment with a projected -29.21% first-year return on $400k initial cash invested.
-29.21%
Cash On Cash
-0.02%
Cap Rate
0
DSCR
$4,256
Rent
-$9,728
Cashflow
Cash Flow
$4,256 income − $13,984 expenses = $9,728 out of pocket
Investment Breakdown
|
Purchase Price
$1818k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$400k
Downpayment
20%
$364k
Closing costs
1%
$18,175
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,256
Total Expenses
$13,984
Mortgage P&I
224%
$9,528
Property Taxes
42%
$1,784
Home Insurance
15%
$630
HOA
0%
$0
Property Management
15%
$638
CapEx
4%
$170
Vacancy
0%
$0
Maintenance
4%
$170
Other
25%
$1,064