This property looks like a bad Airbnb investment with a projected -12.74% first-year return on $102k initial cash invested.
-12.74%
Cash On Cash
3.11%
Cap Rate
0.51
DSCR
$2,438
Rent
-$1,083
Cashflow
Cash Flow
$2,438 income − $3,521 expenses = $1,083 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,020
Closing costs
1%
$4,001
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,438
Total Expenses
$3,521
Mortgage P&I
83%
$2,021
Property Taxes
7%
$167
Home Insurance
6%
$144
HOA
1%
$17
Property Management
15%
$366
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$610