This property looks like a bad Airbnb investment with a projected -16.14% first-year return on $102k initial cash invested.
-16.14%
Cash On Cash
2.78%
Cap Rate
0.42
DSCR
$2,718
Rent
-$1,372
Cashflow
Cash Flow
$2,718 income − $4,090 expenses = $1,372 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,718
Total Expenses
$4,090
Mortgage P&I
81%
$2,188
Property Taxes
17%
$456
Home Insurance
5%
$140
HOA
0%
$0
Property Management
15%
$408
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$680