This property looks like a bad Airbnb investment with a projected -10.71% first-year return on $103k initial cash invested.
-10.71%
Cash On Cash
4.28%
Cap Rate
0.65
DSCR
$3,654
Rent
-$924
Cashflow
Cash Flow
$3,654 income − $4,578 expenses = $924 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,420
Closing costs
1%
$4,071
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,654
Total Expenses
$4,578
Mortgage P&I
61%
$2,230
Property Taxes
12%
$450
Home Insurance
4%
$144
HOA
0%
$0
Property Management
15%
$548
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$914