This property looks like a bad Airbnb investment with a projected -5.55% first-year return on $102k initial cash invested.
-5.55%
Cash On Cash
5.78%
Cap Rate
0.87
DSCR
$4,471
Rent
-$471
Cashflow
Cash Flow
$4,471 income − $4,942 expenses = $471 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,800
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,471
Total Expenses
$4,942
Mortgage P&I
50%
$2,214
Property Taxes
10%
$441
Home Insurance
3%
$140
HOA
0%
$0
Property Management
15%
$671
CapEx
4%
$179
Vacancy
0%
$0
Maintenance
4%
$179
Other
25%
$1,118