This property looks like a bad Airbnb investment with a projected -14.58% first-year return on $102k initial cash invested.
-14.58%
Cash On Cash
3.31%
Cap Rate
0.5
DSCR
$2,867
Rent
-$1,237
Cashflow
Cash Flow
$2,867 income − $4,104 expenses = $1,237 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%
$79,800
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,867
Total Expenses
$4,104
Mortgage P&I
78%
$2,224
Property Taxes
13%
$363
Home Insurance
5%
$140
HOA
0%
$0
Property Management
15%
$430
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$717