This property looks like a bad Airbnb investment with a projected -25.88% first-year return on $432k initial cash invested.
-25.88%
Cash On Cash
1.12%
Cap Rate
0.17
DSCR
$6,202
Rent
-$9,313
Cashflow
Cash Flow
$6,202 income − $15,515 expenses = $9,313 out of pocket
Investment Breakdown
|
Purchase Price
$1970k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$432k
Downpayment
20%
$394k
Closing costs
1%
$19,704
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,202
Total Expenses
$15,515
Mortgage P&I
176%
$10,896
Property Taxes
15%
$908
Home Insurance
12%
$735
HOA
0%
$0
Property Management
15%
$930
CapEx
4%
$248
Vacancy
0%
$0
Maintenance
4%
$248
Other
25%
$1,550