This property looks like a bad Airbnb investment with a projected -11.5% first-year return on $103k initial cash invested.
-11.5%
Cash On Cash
3.41%
Cap Rate
0.57
DSCR
$3,284
Rent
-$985
Cashflow
Cash Flow
$3,284 income − $4,269 expenses = $985 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,780
Closing costs
1%
$4,039
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,284
Total Expenses
$4,269
Mortgage P&I
61%
$2,001
Property Taxes
17%
$547
Home Insurance
4%
$145
HOA
0%
$0
Property Management
15%
$493
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$821