This property looks like a bad Airbnb investment with a projected -31.76% first-year return on $437k initial cash invested.
-31.76%
Cash On Cash
-0.03%
Cap Rate
0
DSCR
$3,385
Rent
-$11,563
Cashflow
Cash Flow
$3,385 income − $14,948 expenses = $11,563 out of pocket
Investment Breakdown
|
Purchase Price
$1995k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$437k
Downpayment
20%
$399k
Closing costs
1%
$19,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,385
Total Expenses
$14,948
Mortgage P&I
336%
$11,381
Property Taxes
37%
$1,245
Home Insurance
21%
$698
HOA
0%
$0
Property Management
15%
$508
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$846