This property looks like a bad Airbnb investment with a projected -36.63% first-year return on $1436k initial cash invested.
-36.63%
Cash On Cash
-1.76%
Cap Rate
-0.29
DSCR
$5,078
Rent
-$43,817
Cashflow
Cash Flow
$5,078 income − $48,895 expenses = $43,817 out of pocket
Investment Breakdown
|
Purchase Price
$6750k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$1436k
Downpayment
20%
$1350k
Closing costs
1%
$67,500
Rehab
0%
$0
Furnishing
0%
$18,000
Cashflow
Total Income
$5,078
Total Expenses
$48,895
Mortgage P&I
663%
$33,689
Property Taxes
205%
$10,406
Home Insurance
47%
$2,362
HOA
0%
$0
Property Management
15%
$762
CapEx
4%
$203
Vacancy
0%
$0
Maintenance
4%
$203
Other
25%
$1,270