This property looks like a bad Airbnb investment with a projected -11.21% first-year return on $102k initial cash invested.
-11.21%
Cash On Cash
3.8%
Cap Rate
0.6
DSCR
$2,853
Rent
-$953
Cashflow
Cash Flow
$2,853 income − $3,806 expenses = $953 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,998
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,853
Total Expenses
$3,806
Mortgage P&I
74%
$2,107
Property Taxes
6%
$157
Home Insurance
5%
$140
HOA
1%
$33
Property Management
15%
$428
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$713