This property looks like a bad Airbnb investment with a projected -4.98% first-year return on $102k initial cash invested.
-4.98%
Cash On Cash
5.84%
Cap Rate
0.89
DSCR
$4,483
Rent
-$423
Cashflow
Cash Flow
$4,483 income − $4,906 expenses = $423 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%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,483
Total Expenses
$4,906
Mortgage P&I
49%
$2,190
Property Taxes
9%
$425
Home Insurance
3%
$140
HOA
0%
$0
Property Management
15%
$672
CapEx
4%
$179
Vacancy
0%
$0
Maintenance
4%
$179
Other
25%
$1,121