This property looks like a bad Airbnb investment with a projected -14.19% first-year return on $103k initial cash invested.
-14.19%
Cash On Cash
2.96%
Cap Rate
0.47
DSCR
$2,499
Rent
-$1,222
Cashflow
Cash Flow
$2,499 income − $3,721 expenses = $1,222 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,300
Closing costs
1%
$4,065
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,499
Total Expenses
$3,721
Mortgage P&I
85%
$2,124
Property Taxes
8%
$210
Home Insurance
7%
$187
HOA
0%
$0
Property Management
15%
$375
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$625