This property looks like a bad Airbnb investment with a projected -15.82% first-year return on $101k initial cash invested.
-15.82%
Cash On Cash
2.97%
Cap Rate
0.44
DSCR
$2,654
Rent
-$1,333
Cashflow
Cash Flow
$2,654 income − $3,987 expenses = $1,333 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,160
Closing costs
1%
$3,958
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,654
Total Expenses
$3,987
Mortgage P&I
83%
$2,206
Property Taxes
14%
$367
Home Insurance
5%
$140
HOA
0%
$0
Property Management
15%
$398
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$664