This property looks like a bad Airbnb investment with a projected -32.29% first-year return on $827k initial cash invested.
-32.29%
Cash On Cash
-0.28%
Cap Rate
-0.04
DSCR
$2,027
Rent
-$22,239
Cashflow
Cash Flow
$2,027 income − $24,266 expenses = $22,239 out of pocket
Investment Breakdown
|
Purchase Price
$3850k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$827k
Downpayment
20%
$770k
Closing costs
1%
$38,500
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$2,027
Total Expenses
$24,266
Mortgage P&I
1049%
$21,269
Property Taxes
33%
$676
Home Insurance
67%
$1,348
HOA
0%
$0
Property Management
15%
$304
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$507