This property looks like a bad Airbnb investment with a projected -19.96% first-year return on $102k initial cash invested.
-19.96%
Cash On Cash
1.4%
Cap Rate
0.22
DSCR
$1,853
Rent
-$1,691
Cashflow
Cash Flow
$1,853 income − $3,544 expenses = $1,691 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,700
Closing costs
1%
$3,985
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,853
Total Expenses
$3,544
Mortgage P&I
112%
$2,082
Property Taxes
19%
$346
Home Insurance
8%
$140
HOA
5%
$87
Property Management
15%
$278
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$463