This property looks like a bad Airbnb investment with a projected -33.33% first-year return on $730k initial cash invested.
-33.33%
Cash On Cash
-0.77%
Cap Rate
-0.12
DSCR
$4,844
Rent
-$20,282
Cashflow
Cash Flow
$4,844 income − $25,126 expenses = $20,282 out of pocket
Investment Breakdown
|
Purchase Price
$3392k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$730k
Downpayment
20%
$678k
Closing costs
1%
$33,916
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,844
Total Expenses
$25,126
Mortgage P&I
370%
$17,902
Property Taxes
70%
$3,390
Home Insurance
26%
$1,260
HOA
5%
$248
Property Management
15%
$727
CapEx
4%
$194
Vacancy
0%
$0
Maintenance
4%
$194
Other
25%
$1,211