This property looks like a bad Airbnb investment with a projected -28.74% first-year return on $459k initial cash invested.
-28.74%
Cash On Cash
-0.15%
Cap Rate
-0.02
DSCR
$1,556
Rent
-$10,993
Cashflow
Cash Flow
$1,556 income − $12,549 expenses = $10,993 out of pocket
Investment Breakdown
|
Purchase Price
$2100k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$459k
Downpayment
20%
$420k
Closing costs
1%
$21,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,556
Total Expenses
$12,549
Mortgage P&I
686%
$10,675
Property Taxes
25%
$393
Home Insurance
47%
$735
HOA
0%
$0
Property Management
15%
$233
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$389