This property looks like a bad Airbnb investment with a projected -10.93% first-year return on $102k initial cash invested.
-10.93%
Cash On Cash
4.22%
Cap Rate
0.64
DSCR
$3,501
Rent
-$931
Cashflow
Cash Flow
$3,501 income − $4,432 expenses = $931 out of pocket
Investment Breakdown
|
Purchase Price
$401k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,220
Closing costs
1%
$4,011
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,501
Total Expenses
$4,432
Mortgage P&I
63%
$2,202
Property Taxes
12%
$408
Home Insurance
4%
$142
HOA
0%
$0
Property Management
15%
$525
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$875