This property looks like a bad Airbnb investment with a projected -35.71% first-year return on $437k initial cash invested.
-35.71%
Cash On Cash
-1.06%
Cap Rate
-0.16
DSCR
$1,279
Rent
-$13,003
Cashflow
Cash Flow
$1,279 income − $14,282 expenses = $13,003 out of pocket
Investment Breakdown
|
Purchase Price
$1995k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$437k
Downpayment
20%
$399k
Closing costs
1%
$19,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,279
Total Expenses
$14,282
Mortgage P&I
875%
$11,191
Property Taxes
139%
$1,779
Home Insurance
55%
$698
HOA
0%
$0
Property Management
15%
$192
CapEx
4%
$51
Vacancy
0%
$0
Maintenance
4%
$51
Other
25%
$320