This property looks like a bad Airbnb investment with a projected -35.54% first-year return on $570k initial cash invested.
-35.54%
Cash On Cash
-1.56%
Cap Rate
-0.25
DSCR
$0
Rent
-$16,895
Cashflow
Cash Flow
$0 income − $16,895 expenses = $16,895 out of pocket
Investment Breakdown
|
Purchase Price
$2631k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$570k
Downpayment
20%
$526k
Closing costs
1%
$26,306
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$0
Total Expenses
$16,895
Mortgage P&I
134750000%
$13,475
Property Taxes
24750000%
$2,475
Home Insurance
9450000%
$945
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0