This property looks like a bad Airbnb investment with a projected -14.81% first-year return on $102k initial cash invested.
-14.81%
Cash On Cash
2.59%
Cap Rate
0.42
DSCR
$2,172
Rent
-$1,264
Cashflow
Cash Flow
$2,172 income − $3,436 expenses = $1,264 out of pocket
Investment Breakdown
|
Purchase Price
$402k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,400
Closing costs
1%
$4,020
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,172
Total Expenses
$3,436
Mortgage P&I
94%
$2,044
Property Taxes
9%
$205
Home Insurance
7%
$144
HOA
0%
$0
Property Management
15%
$326
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$543