This property looks like a bad Airbnb investment with a projected -31.77% first-year return on $666k initial cash invested.
-31.77%
Cash On Cash
-0.64%
Cap Rate
-0.1
DSCR
$4,681
Rent
-$17,638
Cashflow
Cash Flow
$4,681 income − $22,319 expenses = $17,638 out of pocket
Investment Breakdown
|
Purchase Price
$3087k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$666k
Downpayment
20%
$617k
Closing costs
1%
$30,870
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,681
Total Expenses
$22,319
Mortgage P&I
338%
$15,813
Property Taxes
67%
$3,142
Home Insurance
24%
$1,118
HOA
0%
$0
Property Management
15%
$702
CapEx
4%
$187
Vacancy
0%
$0
Maintenance
4%
$187
Other
25%
$1,170