This property looks like a bad Airbnb investment with a projected -28.13% first-year return on $402k initial cash invested.
-28.13%
Cash On Cash
0.61%
Cap Rate
0.09
DSCR
$6,193
Rent
-$9,425
Cashflow
Cash Flow
$6,193 income − $15,618 expenses = $9,425 out of pocket
Investment Breakdown
|
Purchase Price
$1829k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$402k
Downpayment
20%
$366k
Closing costs
1%
$18,290
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,193
Total Expenses
$15,618
Mortgage P&I
163%
$10,114
Property Taxes
26%
$1,588
Home Insurance
15%
$943
HOA
0%
$0
Property Management
15%
$929
CapEx
4%
$248
Vacancy
0%
$0
Maintenance
4%
$248
Other
25%
$1,548