This property looks like a bad Airbnb investment with a projected -28.82% first-year return on $495k initial cash invested.
-28.82%
Cash On Cash
0.56%
Cap Rate
0.08
DSCR
$6,811
Rent
-$11,898
Cashflow
Cash Flow
$6,811 income − $18,709 expenses = $11,898 out of pocket
Investment Breakdown
|
Purchase Price
$2273k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$495k
Downpayment
20%
$455k
Closing costs
1%
$22,733
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,811
Total Expenses
$18,709
Mortgage P&I
186%
$12,683
Property Taxes
28%
$1,924
Home Insurance
12%
$833
HOA
0%
$0
Property Management
15%
$1,022
CapEx
4%
$272
Vacancy
0%
$0
Maintenance
4%
$272
Other
25%
$1,703