This property looks like a bad Airbnb investment with a projected -16.22% first-year return on $102k initial cash invested.
-16.22%
Cash On Cash
2.27%
Cap Rate
0.37
DSCR
$2,290
Rent
-$1,381
Cashflow
Cash Flow
$2,290 income − $3,671 expenses = $1,381 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,180
Closing costs
1%
$4,009
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,290
Total Expenses
$3,671
Mortgage P&I
89%
$2,046
Property Taxes
17%
$382
Home Insurance
6%
$143
HOA
0%
$0
Property Management
15%
$344
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$572