This property looks like a bad Airbnb investment with a projected -29.42% first-year return on $427k initial cash invested.
-29.42%
Cash On Cash
-0.26%
Cap Rate
-0.04
DSCR
$4,006
Rent
-$10,468
Cashflow
Cash Flow
$4,006 income − $14,474 expenses = $10,468 out of pocket
Investment Breakdown
|
Purchase Price
$1948k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$427k
Downpayment
20%
$390k
Closing costs
1%
$19,476
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,006
Total Expenses
$14,474
Mortgage P&I
247%
$9,891
Property Taxes
49%
$1,962
Home Insurance
17%
$698
HOA
0%
$0
Property Management
15%
$601
CapEx
4%
$160
Vacancy
0%
$0
Maintenance
4%
$160
Other
25%
$1,002