This property looks like a bad Airbnb investment with a projected -14.55% first-year return on $102k initial cash invested.
-14.55%
Cash On Cash
2.58%
Cap Rate
0.43
DSCR
$2,201
Rent
-$1,237
Cashflow
Cash Flow
$2,201 income − $3,438 expenses = $1,237 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,990
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,201
Total Expenses
$3,438
Mortgage P&I
91%
$2,009
Property Taxes
11%
$233
Home Insurance
6%
$140
HOA
0%
$0
Property Management
15%
$330
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$550