This property looks like a bad Airbnb investment with a projected -7.17% first-year return on $102k initial cash invested.
-7.17%
Cash On Cash
5.09%
Cap Rate
0.78
DSCR
$3,583
Rent
-$610
Cashflow
Cash Flow
$3,583 income − $4,193 expenses = $610 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,140
Closing costs
1%
$4,007
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,583
Total Expenses
$4,193
Mortgage P&I
60%
$2,167
Property Taxes
5%
$167
Home Insurance
4%
$140
HOA
0%
$0
Property Management
15%
$537
CapEx
4%
$143
Vacancy
0%
$0
Maintenance
4%
$143
Other
25%
$896