This property looks like a bad Airbnb investment with a projected -13.11% first-year return on $102k initial cash invested.
-13.11%
Cash On Cash
3.23%
Cap Rate
0.52
DSCR
$3,214
Rent
-$1,111
Cashflow
Cash Flow
$3,214 income − $4,325 expenses = $1,111 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,740
Closing costs
1%
$3,987
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,214
Total Expenses
$4,325
Mortgage P&I
64%
$2,055
Property Taxes
18%
$582
Home Insurance
4%
$144
HOA
0%
$0
Property Management
15%
$482
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$804