This property looks like a bad Airbnb investment with a projected -28.25% first-year return on $710k initial cash invested.
-28.25%
Cash On Cash
0.02%
Cap Rate
0
DSCR
$5,110
Rent
-$16,712
Cashflow
Cash Flow
$5,110 income − $21,822 expenses = $16,712 out of pocket
Investment Breakdown
|
Purchase Price
$3295k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$710k
Downpayment
20%
$659k
Closing costs
1%
$32,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$5,110
Total Expenses
$21,822
Mortgage P&I
324%
$16,554
Property Taxes
33%
$1,663
Home Insurance
23%
$1,153
HOA
0%
$0
Property Management
15%
$766
CapEx
4%
$204
Vacancy
0%
$0
Maintenance
4%
$204
Other
25%
$1,278