This property looks like a bad Airbnb investment with a projected -12.81% first-year return on $102k initial cash invested.
-12.81%
Cash On Cash
3.03%
Cap Rate
0.5
DSCR
$2,420
Rent
-$1,089
Cashflow
Cash Flow
$2,420 income − $3,509 expenses = $1,089 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,420
Total Expenses
$3,509
Mortgage P&I
83%
$2,003
Property Taxes
8%
$204
Home Insurance
6%
$140
HOA
0%
$0
Property Management
15%
$363
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$605