This property looks like a bad Airbnb investment with a projected -27.55% first-year return on $543k initial cash invested.
-27.55%
Cash On Cash
0.93%
Cap Rate
0.14
DSCR
$9,371
Rent
-$12,465
Cashflow
Cash Flow
$9,371 income − $21,836 expenses = $12,465 out of pocket
Investment Breakdown
|
Purchase Price
$2500k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$543k
Downpayment
20%
$500k
Closing costs
1%
$25,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,371
Total Expenses
$21,836
Mortgage P&I
150%
$14,024
Property Taxes
26%
$2,438
Home Insurance
9%
$875
HOA
0%
$0
Property Management
15%
$1,406
CapEx
4%
$375
Vacancy
0%
$0
Maintenance
4%
$375
Other
25%
$2,343