This property looks like a bad Airbnb investment with a projected -27.9% first-year return on $479k initial cash invested.
-27.9%
Cash On Cash
0.33%
Cap Rate
0.05
DSCR
$3,985
Rent
-$11,130
Cashflow
Cash Flow
$3,985 income − $15,115 expenses = $11,130 out of pocket
Investment Breakdown
|
Purchase Price
$2194k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$479k
Downpayment
20%
$439k
Closing costs
1%
$21,940
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,985
Total Expenses
$15,115
Mortgage P&I
290%
$11,569
Property Taxes
21%
$831
Home Insurance
20%
$803
HOA
0%
$0
Property Management
15%
$598
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$996