This property looks like a bad Airbnb investment with a projected -20.27% first-year return on $103k initial cash invested.
-20.27%
Cash On Cash
1.28%
Cap Rate
0.2
DSCR
$1,679
Rent
-$1,741
Cashflow
Cash Flow
$1,679 income − $3,420 expenses = $1,741 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,040
Closing costs
1%
$4,052
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,679
Total Expenses
$3,420
Mortgage P&I
125%
$2,105
Property Taxes
21%
$346
Home Insurance
9%
$158
HOA
0%
$5
Property Management
15%
$252
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$420