This property looks like a bad Airbnb investment with a projected -36.55% first-year return on $457k initial cash invested.
-36.55%
Cash On Cash
-1.28%
Cap Rate
-0.19
DSCR
$1,283
Rent
-$13,915
Cashflow
Cash Flow
$1,283 income − $15,198 expenses = $13,915 out of pocket
Investment Breakdown
|
Purchase Price
$2090k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$457k
Downpayment
20%
$418k
Closing costs
1%
$20,897
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,283
Total Expenses
$15,198
Mortgage P&I
907%
$11,631
Property Taxes
153%
$1,962
Home Insurance
60%
$770
HOA
17%
$220
Property Management
15%
$192
CapEx
4%
$51
Vacancy
0%
$0
Maintenance
4%
$51
Other
25%
$321