This property looks like a bad Airbnb investment with a projected -19.68% first-year return on $101k initial cash invested.
-19.68%
Cash On Cash
1.31%
Cap Rate
0.21
DSCR
$1,805
Rent
-$1,651
Cashflow
Cash Flow
$1,805 income − $3,456 expenses = $1,651 out of pocket
Investment Breakdown
|
Purchase Price
$394k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,740
Closing costs
1%
$3,937
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,805
Total Expenses
$3,456
Mortgage P&I
111%
$2,008
Property Taxes
23%
$415
Home Insurance
8%
$150
HOA
1%
$17
Property Management
15%
$271
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$451