This property looks like a bad Airbnb investment with a projected -11.61% first-year return on $102k initial cash invested.
-11.61%
Cash On Cash
3.51%
Cap Rate
0.57
DSCR
$2,787
Rent
-$987
Cashflow
Cash Flow
$2,787 income − $3,774 expenses = $987 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,787
Total Expenses
$3,774
Mortgage P&I
73%
$2,046
Property Taxes
9%
$251
Home Insurance
5%
$140
HOA
0%
$0
Property Management
15%
$418
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$697