This property looks like a bad Airbnb investment with a projected -25.42% first-year return on $469k initial cash invested.
-25.42%
Cash On Cash
1.01%
Cap Rate
0.16
DSCR
$7,230
Rent
-$9,941
Cashflow
Cash Flow
$7,230 income − $17,171 expenses = $9,941 out of pocket
Investment Breakdown
|
Purchase Price
$2149k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$469k
Downpayment
20%
$430k
Closing costs
1%
$21,488
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,230
Total Expenses
$17,171
Mortgage P&I
159%
$11,468
Property Taxes
20%
$1,430
Home Insurance
11%
$803
HOA
0%
$0
Property Management
15%
$1,084
CapEx
4%
$289
Vacancy
0%
$0
Maintenance
4%
$289
Other
25%
$1,808