This property looks like a bad Airbnb investment with a projected -30.79% first-year return on $962k initial cash invested.
-30.79%
Cash On Cash
0.01%
Cap Rate
0
DSCR
$4,419
Rent
-$24,680
Cashflow
Cash Flow
$4,419 income − $29,099 expenses = $24,680 out of pocket
Investment Breakdown
|
Purchase Price
$4495k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$962k
Downpayment
20%
$899k
Closing costs
1%
$44,950
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$4,419
Total Expenses
$29,099
Mortgage P&I
556%
$24,553
Property Taxes
19%
$851
Home Insurance
36%
$1,573
HOA
0%
$0
Property Management
15%
$663
CapEx
4%
$177
Vacancy
0%
$0
Maintenance
4%
$177
Other
25%
$1,105