This property looks like a bad Airbnb investment with a projected -12.38% first-year return on $103k initial cash invested.
-12.38%
Cash On Cash
3.83%
Cap Rate
0.58
DSCR
$3,073
Rent
-$1,063
Cashflow
Cash Flow
$3,073 income − $4,136 expenses = $1,063 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,020
Closing costs
1%
$4,051
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,073
Total Expenses
$4,136
Mortgage P&I
73%
$2,234
Property Taxes
9%
$280
Home Insurance
5%
$147
HOA
0%
$0
Property Management
15%
$461
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$768