This property looks like a bad Airbnb investment with a projected -10.29% first-year return on $104k initial cash invested.
-10.29%
Cash On Cash
4.43%
Cap Rate
0.66
DSCR
$3,101
Rent
-$889
Cashflow
Cash Flow
$3,101 income − $3,990 expenses = $889 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,620
Closing costs
1%
$4,081
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,101
Total Expenses
$3,990
Mortgage P&I
73%
$2,273
Property Taxes
3%
$82
Home Insurance
5%
$147
HOA
0%
$0
Property Management
15%
$465
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$775