This property looks like a bad Airbnb investment with a projected -22.52% first-year return on $102k initial cash invested.
-22.52%
Cash On Cash
0.71%
Cap Rate
0.11
DSCR
$868
Rent
-$1,914
Cashflow
Cash Flow
$868 income − $2,782 expenses = $1,914 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$868
Total Expenses
$2,782
Mortgage P&I
244%
$2,115
Property Taxes
13%
$110
Home Insurance
16%
$140
HOA
0%
$0
Property Management
15%
$130
CapEx
4%
$35
Vacancy
0%
$0
Maintenance
4%
$35
Other
25%
$217