This property looks like a bad Airbnb investment with a projected -22.43% first-year return on $102k initial cash invested.
-22.43%
Cash On Cash
1.08%
Cap Rate
0.16
DSCR
$1,600
Rent
-$1,899
Cashflow
Cash Flow
$1,600 income − $3,499 expenses = $1,899 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,600
Closing costs
1%
$3,980
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,600
Total Expenses
$3,499
Mortgage P&I
137%
$2,194
Property Taxes
25%
$398
Home Insurance
9%
$139
HOA
0%
$0
Property Management
15%
$240
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$400