This property looks like a bad Airbnb investment with a projected -31.44% first-year return on $407k initial cash invested.
-31.44%
Cash On Cash
-0.15%
Cap Rate
-0.02
DSCR
$4,852
Rent
-$10,672
Cashflow
Cash Flow
$4,852 income − $15,524 expenses = $10,672 out of pocket
Investment Breakdown
|
Purchase Price
$1854k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$407k
Downpayment
20%
$371k
Closing costs
1%
$18,540
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,852
Total Expenses
$15,524
Mortgage P&I
211%
$10,244
Property Taxes
39%
$1,911
Home Insurance
14%
$700
HOA
7%
$340
Property Management
15%
$728
CapEx
4%
$194
Vacancy
0%
$0
Maintenance
4%
$194
Other
25%
$1,213