This property looks like a bad Airbnb investment with a projected -29.72% first-year return on $848k initial cash invested.
-29.72%
Cash On Cash
-0.25%
Cap Rate
-0.04
DSCR
$3,180
Rent
-$20,993
Cashflow
Cash Flow
$3,180 income − $24,173 expenses = $20,993 out of pocket
Investment Breakdown
|
Purchase Price
$3950k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$848k
Downpayment
20%
$790k
Closing costs
1%
$39,500
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$3,180
Total Expenses
$24,173
Mortgage P&I
631%
$20,057
Property Taxes
38%
$1,208
Home Insurance
43%
$1,382
HOA
0%
$0
Property Management
15%
$477
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$795