This property looks like a bad Airbnb investment with a projected -27.21% first-year return on $522k initial cash invested.
-27.21%
Cash On Cash
0.15%
Cap Rate
0.03
DSCR
$3,394
Rent
-$11,838
Cashflow
Cash Flow
$3,394 income − $15,232 expenses = $11,838 out of pocket
Investment Breakdown
|
Purchase Price
$2400k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$522k
Downpayment
20%
$480k
Closing costs
1%
$24,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,394
Total Expenses
$15,232
Mortgage P&I
354%
$12,010
Property Taxes
21%
$715
Home Insurance
25%
$840
HOA
1%
$38
Property Management
15%
$509
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$848