This property looks like a bad Airbnb investment with a projected -26.25% first-year return on $448k initial cash invested.
-26.25%
Cash On Cash
0.81%
Cap Rate
0.13
DSCR
$6,870
Rent
-$9,801
Cashflow
Cash Flow
$6,870 income − $16,671 expenses = $9,801 out of pocket
Investment Breakdown
|
Purchase Price
$2048k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$448k
Downpayment
20%
$410k
Closing costs
1%
$20,477
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,870
Total Expenses
$16,671
Mortgage P&I
159%
$10,913
Property Taxes
26%
$1,762
Home Insurance
10%
$698
HOA
0%
$0
Property Management
15%
$1,030
CapEx
4%
$275
Vacancy
0%
$0
Maintenance
4%
$275
Other
25%
$1,718