This property looks like a bad Airbnb investment with a projected -27.04% first-year return on $503k initial cash invested.
-27.04%
Cash On Cash
1.04%
Cap Rate
0.15
DSCR
$9,263
Rent
-$11,334
Cashflow
Cash Flow
$9,263 income − $20,597 expenses = $11,334 out of pocket
Investment Breakdown
|
Purchase Price
$2310k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$503k
Downpayment
20%
$462k
Closing costs
1%
$23,098
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,263
Total Expenses
$20,597
Mortgage P&I
140%
$12,957
Property Taxes
25%
$2,355
Home Insurance
9%
$838
HOA
0%
$0
Property Management
15%
$1,389
CapEx
4%
$371
Vacancy
0%
$0
Maintenance
4%
$371
Other
25%
$2,316