This property looks like a bad Airbnb investment with a projected -26.16% first-year return on $408k initial cash invested.
-26.16%
Cash On Cash
0.4%
Cap Rate
0.07
DSCR
$3,846
Rent
-$8,887
Cashflow
Cash Flow
$3,846 income − $12,733 expenses = $8,887 out of pocket
Investment Breakdown
|
Purchase Price
$1855k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$408k
Downpayment
20%
$371k
Closing costs
1%
$18,552
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,846
Total Expenses
$12,733
Mortgage P&I
243%
$9,347
Property Taxes
22%
$857
Home Insurance
18%
$682
HOA
0%
$0
Property Management
15%
$577
CapEx
4%
$154
Vacancy
0%
$0
Maintenance
4%
$154
Other
25%
$962