This property looks like a bad Airbnb investment with a projected -27.33% first-year return on $621k initial cash invested.
-27.33%
Cash On Cash
0.66%
Cap Rate
0.1
DSCR
$9,692
Rent
-$14,135
Cashflow
Cash Flow
$9,692 income − $23,827 expenses = $14,135 out of pocket
Investment Breakdown
|
Purchase Price
$2870k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$621k
Downpayment
20%
$574k
Closing costs
1%
$28,697
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$9,692
Total Expenses
$23,827
Mortgage P&I
158%
$15,331
Property Taxes
29%
$2,828
Home Insurance
10%
$1,015
HOA
0%
$0
Property Management
15%
$1,454
CapEx
4%
$388
Vacancy
0%
$0
Maintenance
4%
$388
Other
25%
$2,423