This property looks like a bad Airbnb investment with a projected -17.09% first-year return on $102k initial cash invested.
-17.09%
Cash On Cash
2.16%
Cap Rate
0.34
DSCR
$2,095
Rent
-$1,450
Cashflow
Cash Flow
$2,095 income − $3,545 expenses = $1,450 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,095
Total Expenses
$3,545
Mortgage P&I
99%
$2,083
Property Taxes
15%
$316
Home Insurance
7%
$140
HOA
0%
$0
Property Management
15%
$314
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$524