This property looks like a bad Airbnb investment with a projected -19.35% first-year return on $103k initial cash invested.
-19.35%
Cash On Cash
1.42%
Cap Rate
0.23
DSCR
$1,522
Rent
-$1,669
Cashflow
Cash Flow
$1,522 income − $3,191 expenses = $1,669 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,420
Closing costs
1%
$4,071
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,522
Total Expenses
$3,191
Mortgage P&I
137%
$2,089
Property Taxes
11%
$168
Home Insurance
9%
$144
HOA
4%
$60
Property Management
15%
$228
CapEx
4%
$61
Vacancy
0%
$0
Maintenance
4%
$61
Other
25%
$380