This property looks like a bad Airbnb investment with a projected -32.93% first-year return on $396k initial cash invested.
-32.93%
Cash On Cash
-0.4%
Cap Rate
-0.06
DSCR
$4,355
Rent
-$10,869
Cashflow
Cash Flow
$4,355 income − $15,224 expenses = $10,869 out of pocket
Investment Breakdown
|
Purchase Price
$1800k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$396k
Downpayment
20%
$360k
Closing costs
1%
$18,004
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,355
Total Expenses
$15,224
Mortgage P&I
232%
$10,100
Property Taxes
42%
$1,828
Home Insurance
15%
$656
HOA
13%
$550
Property Management
15%
$653
CapEx
4%
$174
Vacancy
0%
$0
Maintenance
4%
$174
Other
25%
$1,089