This property looks like a bad Airbnb investment with a projected -11.04% first-year return on $104k initial cash invested.
-11.04%
Cash On Cash
3.67%
Cap Rate
0.61
DSCR
$4,102
Rent
-$953
Cashflow
Cash Flow
$4,102 income − $5,055 expenses = $953 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,500
Closing costs
1%
$4,075
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,102
Total Expenses
$5,055
Mortgage P&I
50%
$2,034
Property Taxes
22%
$903
Home Insurance
4%
$149
HOA
0%
$0
Property Management
15%
$615
CapEx
4%
$164
Vacancy
0%
$0
Maintenance
4%
$164
Other
25%
$1,026