This property looks like a bad Airbnb investment with a projected -14.79% first-year return on $103k initial cash invested.
-14.79%
Cash On Cash
2.62%
Cap Rate
0.43
DSCR
$2,096
Rent
-$1,263
Cashflow
Cash Flow
$2,096 income − $3,359 expenses = $1,263 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,480
Closing costs
1%
$4,024
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,096
Total Expenses
$3,359
Mortgage P&I
98%
$2,059
Property Taxes
6%
$128
Home Insurance
8%
$166
HOA
0%
$0
Property Management
15%
$314
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$524