This property looks like a bad Airbnb investment with a projected -24.91% first-year return on $508k initial cash invested.
-24.91%
Cash On Cash
0.7%
Cap Rate
0.12
DSCR
$5,586
Rent
-$10,549
Cashflow
Cash Flow
$5,586 income − $16,135 expenses = $10,549 out of pocket
Investment Breakdown
|
Purchase Price
$2334k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$508k
Downpayment
20%
$467k
Closing costs
1%
$23,340
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,586
Total Expenses
$16,135
Mortgage P&I
209%
$11,679
Property Taxes
7%
$411
Home Insurance
24%
$1,365
HOA
0%
$0
Property Management
15%
$838
CapEx
4%
$223
Vacancy
0%
$0
Maintenance
4%
$223
Other
25%
$1,396