This property looks like a bad Airbnb investment with a projected -10.23% first-year return on $102k initial cash invested.
-10.23%
Cash On Cash
4.17%
Cap Rate
0.65
DSCR
$3,364
Rent
-$869
Cashflow
Cash Flow
$3,364 income − $4,233 expenses = $869 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,364
Total Expenses
$4,233
Mortgage P&I
63%
$2,123
Property Taxes
11%
$354
Home Insurance
4%
$140
HOA
0%
$0
Property Management
15%
$505
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$841