This property looks like a bad Airbnb investment with a projected -28.88% first-year return on $747k initial cash invested.
-28.88%
Cash On Cash
-0.05%
Cap Rate
-0.01
DSCR
$7,462
Rent
-$17,980
Cashflow
Cash Flow
$7,462 income − $25,442 expenses = $17,980 out of pocket
Investment Breakdown
|
Purchase Price
$3472k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$747k
Downpayment
20%
$694k
Closing costs
1%
$34,723
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,462
Total Expenses
$25,442
Mortgage P&I
235%
$17,551
Property Taxes
41%
$3,087
Home Insurance
16%
$1,223
HOA
0%
$0
Property Management
15%
$1,119
CapEx
4%
$298
Vacancy
0%
$0
Maintenance
4%
$298
Other
25%
$1,866