This property looks like a bad Airbnb investment with a projected -32.57% first-year return on $513k initial cash invested.
-32.57%
Cash On Cash
-0.22%
Cap Rate
-0.03
DSCR
$6,640
Rent
-$13,931
Cashflow
Cash Flow
$6,640 income − $20,571 expenses = $13,931 out of pocket
Investment Breakdown
|
Purchase Price
$2358k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$513k
Downpayment
20%
$472k
Closing costs
1%
$23,584
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,640
Total Expenses
$20,571
Mortgage P&I
199%
$13,230
Property Taxes
46%
$3,035
Home Insurance
17%
$1,118
HOA
0%
$0
Property Management
15%
$996
CapEx
4%
$266
Vacancy
0%
$0
Maintenance
4%
$266
Other
25%
$1,660