This property looks like a bad Airbnb investment with a projected -32.56% first-year return on $416k initial cash invested.
-32.56%
Cash On Cash
-0.67%
Cap Rate
-0.1
DSCR
$2,598
Rent
-$11,285
Cashflow
Cash Flow
$2,598 income − $13,883 expenses = $11,285 out of pocket
Investment Breakdown
|
Purchase Price
$1895k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$416k
Downpayment
20%
$379k
Closing costs
1%
$18,950
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,598
Total Expenses
$13,883
Mortgage P&I
390%
$10,124
Property Taxes
71%
$1,848
Home Insurance
26%
$663
HOA
0%
$0
Property Management
15%
$390
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$650