This property looks like a bad Airbnb investment with a projected -9.37% first-year return on $102k initial cash invested.
-9.37%
Cash On Cash
4.7%
Cap Rate
0.7
DSCR
$3,467
Rent
-$800
Cashflow
Cash Flow
$3,467 income − $4,267 expenses = $800 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,440
Closing costs
1%
$4,022
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,467
Total Expenses
$4,267
Mortgage P&I
64%
$2,236
Property Taxes
5%
$158
Home Insurance
4%
$144
HOA
2%
$64
Property Management
15%
$520
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$867