This property looks like a bad Airbnb investment with a projected -10.96% first-year return on $102k initial cash invested.
-10.96%
Cash On Cash
3.66%
Cap Rate
0.6
DSCR
$3,005
Rent
-$933
Cashflow
Cash Flow
$3,005 income − $3,938 expenses = $933 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,180
Closing costs
1%
$4,009
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,005
Total Expenses
$3,938
Mortgage P&I
68%
$2,036
Property Taxes
10%
$301
Home Insurance
5%
$159
HOA
0%
$0
Property Management
15%
$451
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$751