This property looks like a bad Airbnb investment with a projected -16.25% first-year return on $102k initial cash invested.
-16.25%
Cash On Cash
2.29%
Cap Rate
0.37
DSCR
$1,756
Rent
-$1,378
Cashflow
Cash Flow
$1,756 income − $3,134 expenses = $1,378 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,800
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,756
Total Expenses
$3,134
Mortgage P&I
118%
$2,068
Property Taxes
5%
$84
Home Insurance
8%
$140
HOA
0%
$0
Property Management
15%
$263
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$439