This property looks like a bad Airbnb investment with a projected -21.98% first-year return on $101k initial cash invested.
-21.98%
Cash On Cash
0.77%
Cap Rate
0.13
DSCR
$2,155
Rent
-$1,859
Cashflow
Cash Flow
$2,155 income − $4,014 expenses = $1,859 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,520
Closing costs
1%
$3,976
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,155
Total Expenses
$4,014
Mortgage P&I
94%
$2,029
Property Taxes
37%
$787
Home Insurance
8%
$164
HOA
0%
$0
Property Management
15%
$323
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$539