This property looks like a bad Airbnb investment with a projected -17.57% first-year return on $103k initial cash invested.
-17.57%
Cash On Cash
1.95%
Cap Rate
0.31
DSCR
$1,642
Rent
-$1,511
Cashflow
Cash Flow
$1,642 income − $3,153 expenses = $1,511 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,140
Closing costs
1%
$4,057
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,642
Total Expenses
$3,153
Mortgage P&I
128%
$2,105
Property Taxes
7%
$113
Home Insurance
9%
$147
HOA
0%
$0
Property Management
15%
$246
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$410