This property looks like a bad Airbnb investment with a projected -34.8% first-year return on $408k initial cash invested.
-34.8%
Cash On Cash
-1.19%
Cap Rate
-0.19
DSCR
$1,660
Rent
-$11,835
Cashflow
Cash Flow
$1,660 income − $13,495 expenses = $11,835 out of pocket
Investment Breakdown
|
Purchase Price
$1858k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$408k
Downpayment
20%
$372k
Closing costs
1%
$18,575
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$1,660
Total Expenses
$13,495
Mortgage P&I
598%
$9,923
Property Taxes
123%
$2,043
Home Insurance
44%
$733
HOA
0%
$0
Property Management
15%
$249
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$415