This property looks like a bad Airbnb investment with a projected -23.79% first-year return on $480k initial cash invested.
-23.79%
Cash On Cash
0.89%
Cap Rate
0.15
DSCR
$4,688
Rent
-$9,509
Cashflow
Cash Flow
$4,688 income − $14,197 expenses = $9,509 out of pocket
Investment Breakdown
|
Purchase Price
$2198k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$480k
Downpayment
20%
$440k
Closing costs
1%
$21,980
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$4,688
Total Expenses
$14,197
Mortgage P&I
233%
$10,944
Property Taxes
5%
$233
Home Insurance
16%
$769
HOA
0%
$0
Property Management
15%
$703
CapEx
4%
$188
Vacancy
0%
$0
Maintenance
4%
$188
Other
25%
$1,172