This property looks like a bad Airbnb investment with a projected -24.85% first-year return on $101k initial cash invested.
-24.85%
Cash On Cash
0.36%
Cap Rate
0.06
DSCR
$1,347
Rent
-$2,096
Cashflow
Cash Flow
$1,347 income − $3,443 expenses = $2,096 out of pocket
Investment Breakdown
|
Purchase Price
$396k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,240
Closing costs
1%
$3,962
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,347
Total Expenses
$3,443
Mortgage P&I
161%
$2,162
Property Taxes
37%
$494
Home Insurance
10%
$140
HOA
0%
$0
Property Management
15%
$202
CapEx
4%
$54
Vacancy
0%
$0
Maintenance
4%
$54
Other
25%
$337