This property looks like a bad Airbnb investment with a projected -15.35% first-year return on $103k initial cash invested.
-15.35%
Cash On Cash
3.21%
Cap Rate
0.48
DSCR
$3,632
Rent
-$1,312
Cashflow
Cash Flow
$3,632 income − $4,944 expenses = $1,312 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,540
Closing costs
1%
$4,027
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,632
Total Expenses
$4,944
Mortgage P&I
62%
$2,245
Property Taxes
22%
$816
Home Insurance
4%
$140
HOA
0%
$0
Property Management
15%
$545
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$908