This property looks like a bad Airbnb investment with a projected -32.79% first-year return on $408k initial cash invested.
-32.79%
Cash On Cash
-0.3%
Cap Rate
-0.04
DSCR
$3,663
Rent
-$11,138
Cashflow
Cash Flow
$3,663 income − $14,801 expenses = $11,138 out of pocket
Investment Breakdown
|
Purchase Price
$1855k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$408k
Downpayment
20%
$371k
Closing costs
1%
$18,550
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,663
Total Expenses
$14,801
Mortgage P&I
287%
$10,526
Property Taxes
38%
$1,396
Home Insurance
31%
$1,120
HOA
0%
$0
Property Management
15%
$549
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$916