This property looks like a bad Airbnb investment with a projected -11.15% first-year return on $103k initial cash invested.
-11.15%
Cash On Cash
3.95%
Cap Rate
0.62
DSCR
$3,323
Rent
-$961
Cashflow
Cash Flow
$3,323 income − $4,284 expenses = $961 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,400
Closing costs
1%
$4,070
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,323
Total Expenses
$4,284
Mortgage P&I
65%
$2,168
Property Taxes
11%
$374
Home Insurance
4%
$147
HOA
0%
$0
Property Management
15%
$498
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$831