This property looks like a bad Airbnb investment with a projected -27.14% first-year return on $501k initial cash invested.
-27.14%
Cash On Cash
0.23%
Cap Rate
0.04
DSCR
$4,751
Rent
-$11,336
Cashflow
Cash Flow
$4,751 income − $16,087 expenses = $11,336 out of pocket
Investment Breakdown
|
Purchase Price
$2301k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$501k
Downpayment
20%
$460k
Closing costs
1%
$23,009
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,751
Total Expenses
$16,087
Mortgage P&I
244%
$11,583
Property Taxes
26%
$1,245
Home Insurance
21%
$978
HOA
0%
$0
Property Management
15%
$713
CapEx
4%
$190
Vacancy
0%
$0
Maintenance
4%
$190
Other
25%
$1,188