This property looks like a bad Airbnb investment with a projected -33.11% first-year return on $456k initial cash invested.
-33.11%
Cash On Cash
-0.42%
Cap Rate
-0.06
DSCR
$3,812
Rent
-$12,578
Cashflow
Cash Flow
$3,812 income − $16,390 expenses = $12,578 out of pocket
Investment Breakdown
|
Purchase Price
$2085k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$456k
Downpayment
20%
$417k
Closing costs
1%
$20,849
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,812
Total Expenses
$16,390
Mortgage P&I
307%
$11,695
Property Taxes
55%
$2,114
Home Insurance
20%
$752
HOA
0%
$0
Property Management
15%
$572
CapEx
4%
$152
Vacancy
0%
$0
Maintenance
4%
$152
Other
25%
$953