This property looks like a bad Airbnb investment with a projected -25.73% first-year return on $438k initial cash invested.
-25.73%
Cash On Cash
1.19%
Cap Rate
0.18
DSCR
$6,583
Rent
-$9,391
Cashflow
Cash Flow
$6,583 income − $15,974 expenses = $9,391 out of pocket
Investment Breakdown
|
Purchase Price
$2000k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$438k
Downpayment
20%
$400k
Closing costs
1%
$20,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,583
Total Expenses
$15,974
Mortgage P&I
169%
$11,119
Property Taxes
15%
$996
Home Insurance
11%
$700
HOA
0%
$0
Property Management
15%
$987
CapEx
4%
$263
Vacancy
0%
$0
Maintenance
4%
$263
Other
25%
$1,646