This property looks like a bad Airbnb investment with a projected -12.03% first-year return on $102k initial cash invested.
-12.03%
Cash On Cash
3.49%
Cap Rate
0.56
DSCR
$2,798
Rent
-$1,026
Cashflow
Cash Flow
$2,798 income − $3,824 expenses = $1,026 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,300
Closing costs
1%
$4,015
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,798
Total Expenses
$3,824
Mortgage P&I
74%
$2,083
Property Taxes
8%
$224
Home Insurance
6%
$173
HOA
0%
$0
Property Management
15%
$420
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$700