This property looks like a bad Airbnb investment with a projected -13.65% first-year return on $103k initial cash invested.
-13.65%
Cash On Cash
3.02%
Cap Rate
0.49
DSCR
$2,983
Rent
-$1,177
Cashflow
Cash Flow
$2,983 income − $4,160 expenses = $1,177 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,380
Closing costs
1%
$4,069
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,983
Total Expenses
$4,160
Mortgage P&I
70%
$2,082
Property Taxes
17%
$503
Home Insurance
5%
$144
HOA
0%
$0
Property Management
15%
$447
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$746