This property looks like a bad Airbnb investment with a projected -15.85% first-year return on $102k initial cash invested.
-15.85%
Cash On Cash
2.9%
Cap Rate
0.43
DSCR
$2,213
Rent
-$1,348
Cashflow
Cash Flow
$2,213 income − $3,561 expenses = $1,348 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,060
Closing costs
1%
$4,003
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,213
Total Expenses
$3,561
Mortgage P&I
101%
$2,226
Property Taxes
6%
$127
Home Insurance
7%
$145
HOA
0%
$0
Property Management
15%
$332
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$553