This property looks like a bad Airbnb investment with a projected -25.27% first-year return on $102k initial cash invested.
-25.27%
Cash On Cash
-0.1%
Cap Rate
-0.02
DSCR
$1,863
Rent
-$2,148
Cashflow
Cash Flow
$1,863 income − $4,011 expenses = $2,148 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%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,863
Total Expenses
$4,011
Mortgage P&I
110%
$2,041
Property Taxes
47%
$867
Home Insurance
8%
$140
HOA
4%
$68
Property Management
15%
$279
CapEx
4%
$75
Vacancy
0%
$0
Maintenance
4%
$75
Other
25%
$466