This property looks like a bad Airbnb investment with a projected -11.25% first-year return on $102k initial cash invested.
-11.25%
Cash On Cash
3.65%
Cap Rate
0.59
DSCR
$2,877
Rent
-$956
Cashflow
Cash Flow
$2,877 income − $3,833 expenses = $956 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,877
Total Expenses
$3,833
Mortgage P&I
72%
$2,059
Property Taxes
9%
$253
Home Insurance
5%
$140
HOA
0%
$0
Property Management
15%
$432
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$719