This property looks like a bad Airbnb investment with a projected -23.24% first-year return on $102k initial cash invested.
-23.24%
Cash On Cash
1.03%
Cap Rate
0.15
DSCR
$2,470
Rent
-$1,975
Cashflow
Cash Flow
$2,470 income − $4,445 expenses = $1,975 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,470
Total Expenses
$4,445
Mortgage P&I
90%
$2,218
Property Taxes
34%
$830
Home Insurance
6%
$140
HOA
3%
$71
Property Management
15%
$370
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$618