This property looks like a bad Airbnb investment with a projected -19.56% first-year return on $102k initial cash invested.
-19.56%
Cash On Cash
1.85%
Cap Rate
0.28
DSCR
$2,056
Rent
-$1,662
Cashflow
Cash Flow
$2,056 income − $3,718 expenses = $1,662 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,056
Total Expenses
$3,718
Mortgage P&I
107%
$2,196
Property Taxes
19%
$396
Home Insurance
7%
$140
HOA
0%
$0
Property Management
15%
$308
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$514