This property looks like a bad Airbnb investment with a projected -29.18% first-year return on $433k initial cash invested.
-29.18%
Cash On Cash
-0.01%
Cap Rate
0
DSCR
$3,393
Rent
-$10,523
Cashflow
Cash Flow
$3,393 income − $13,916 expenses = $10,523 out of pocket
Investment Breakdown
|
Purchase Price
$1975k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$433k
Downpayment
20%
$395k
Closing costs
1%
$19,750
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,393
Total Expenses
$13,916
Mortgage P&I
306%
$10,378
Property Taxes
36%
$1,218
Home Insurance
20%
$691
HOA
0%
$0
Property Management
15%
$509
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$848