This property looks like a bad Airbnb investment with a projected -22.59% first-year return on $102k initial cash invested.
-22.59%
Cash On Cash
1.14%
Cap Rate
0.17
DSCR
$1,632
Rent
-$1,915
Cashflow
Cash Flow
$1,632 income − $3,547 expenses = $1,915 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,720
Closing costs
1%
$3,986
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,632
Total Expenses
$3,547
Mortgage P&I
137%
$2,229
Property Taxes
24%
$395
Home Insurance
9%
$140
HOA
0%
$0
Property Management
15%
$245
CapEx
4%
$65
Vacancy
0%
$0
Maintenance
4%
$65
Other
25%
$408