This property looks like a bad Airbnb investment with a projected -17.86% first-year return on $541k initial cash invested.
-17.86%
Cash On Cash
2.34%
Cap Rate
0.39
DSCR
$11,689
Rent
-$8,048
Cashflow
Cash Flow
$11,689 income − $19,737 expenses = $8,048 out of pocket
Investment Breakdown
|
Purchase Price
$2489k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$541k
Downpayment
20%
$498k
Closing costs
1%
$24,894
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$11,689
Total Expenses
$19,737
Mortgage P&I
106%
$12,424
Property Taxes
7%
$796
Home Insurance
8%
$906
HOA
0%
$0
Property Management
15%
$1,753
CapEx
4%
$468
Vacancy
0%
$0
Maintenance
4%
$468
Other
25%
$2,922