This property looks like a bad Airbnb investment with a projected -31.89% first-year return on $527k initial cash invested.
-31.89%
Cash On Cash
-0.15%
Cap Rate
-0.02
DSCR
$5,210
Rent
-$13,994
Cashflow
Cash Flow
$5,210 income − $19,204 expenses = $13,994 out of pocket
Investment Breakdown
|
Purchase Price
$2422k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$527k
Downpayment
20%
$484k
Closing costs
1%
$24,221
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,210
Total Expenses
$19,204
Mortgage P&I
259%
$13,481
Property Taxes
45%
$2,350
Home Insurance
17%
$873
HOA
0%
$0
Property Management
15%
$782
CapEx
4%
$208
Vacancy
0%
$0
Maintenance
4%
$208
Other
25%
$1,302