This property looks like a bad Airbnb investment with a projected -29.09% first-year return on $102k initial cash invested.
-29.09%
Cash On Cash
-1.14%
Cap Rate
-0.18
DSCR
$809
Rent
-$2,473
Cashflow
Cash Flow
$809 income − $3,282 expenses = $2,473 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$809
Total Expenses
$3,282
Mortgage P&I
255%
$2,062
Property Taxes
86%
$693
Home Insurance
17%
$140
HOA
0%
$0
Property Management
15%
$121
CapEx
4%
$32
Vacancy
0%
$0
Maintenance
4%
$32
Other
25%
$202