This property looks like a bad Airbnb investment with a projected -22.48% first-year return on $102k initial cash invested.
-22.48%
Cash On Cash
1.17%
Cap Rate
0.17
DSCR
$1,607
Rent
-$1,910
Cashflow
Cash Flow
$1,607 income − $3,517 expenses = $1,910 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,607
Total Expenses
$3,517
Mortgage P&I
139%
$2,235
Property Taxes
23%
$371
Home Insurance
9%
$140
HOA
0%
$0
Property Management
15%
$241
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$402