This property looks like a bad Airbnb investment with a projected -3.08% first-year return on $102k initial cash invested.
-3.08%
Cash On Cash
5.92%
Cap Rate
0.95
DSCR
$4,153
Rent
-$261
Cashflow
Cash Flow
$4,153 income − $4,414 expenses = $261 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,800
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,153
Total Expenses
$4,414
Mortgage P&I
50%
$2,064
Property Taxes
5%
$217
Home Insurance
3%
$140
HOA
0%
$0
Property Management
15%
$623
CapEx
4%
$166
Vacancy
0%
$0
Maintenance
4%
$166
Other
25%
$1,038