This property looks like a bad Airbnb investment with a projected -37.73% first-year return on $425k initial cash invested.
-37.73%
Cash On Cash
-1.37%
Cap Rate
-0.2
DSCR
$4,316
Rent
-$13,374
Cashflow
Cash Flow
$4,316 income − $17,690 expenses = $13,374 out of pocket
Investment Breakdown
|
Purchase Price
$1940k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$425k
Downpayment
20%
$388k
Closing costs
1%
$19,396
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,316
Total Expenses
$17,690
Mortgage P&I
254%
$10,983
Property Taxes
88%
$3,777
Home Insurance
20%
$858
HOA
0%
$0
Property Management
15%
$647
CapEx
4%
$173
Vacancy
0%
$0
Maintenance
4%
$173
Other
25%
$1,079