This property looks like a bad Airbnb investment with a projected -16.82% first-year return on $543k initial cash invested.
-16.82%
Cash On Cash
2.65%
Cap Rate
0.44
DSCR
$13,685
Rent
-$7,607
Cashflow
Cash Flow
$13,685 income − $21,292 expenses = $7,607 out of pocket
Investment Breakdown
|
Purchase Price
$2499k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$543k
Downpayment
20%
$500k
Closing costs
1%
$24,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$13,685
Total Expenses
$21,292
Mortgage P&I
92%
$12,569
Property Taxes
9%
$1,210
Home Insurance
6%
$875
HOA
1%
$70
Property Management
15%
$2,053
CapEx
4%
$547
Vacancy
0%
$0
Maintenance
4%
$547
Other
25%
$3,421