This property looks like a bad Airbnb investment with a projected -15.4% first-year return on $103k initial cash invested.
-15.4%
Cash On Cash
2.54%
Cap Rate
0.41
DSCR
$2,452
Rent
-$1,321
Cashflow
Cash Flow
$2,452 income − $3,773 expenses = $1,321 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,920
Closing costs
1%
$4,046
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,452
Total Expenses
$3,773
Mortgage P&I
85%
$2,078
Property Taxes
12%
$305
Home Insurance
6%
$144
HOA
3%
$69
Property Management
15%
$368
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$613