This property looks like a bad Airbnb investment with a projected -8.57% first-year return on $102k initial cash invested.
-8.57%
Cash On Cash
4.28%
Cap Rate
0.7
DSCR
$3,042
Rent
-$727
Cashflow
Cash Flow
$3,042 income − $3,769 expenses = $727 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,042
Total Expenses
$3,769
Mortgage P&I
67%
$2,029
Property Taxes
5%
$140
Home Insurance
5%
$140
HOA
0%
$0
Property Management
15%
$456
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$760