This property looks like a bad Airbnb investment with a projected -15.46% first-year return on $102k initial cash invested.
-15.46%
Cash On Cash
3.08%
Cap Rate
0.46
DSCR
$2,802
Rent
-$1,314
Cashflow
Cash Flow
$2,802 income − $4,116 expenses = $1,314 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%
$79,990
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,802
Total Expenses
$4,116
Mortgage P&I
80%
$2,229
Property Taxes
14%
$403
Home Insurance
5%
$140
HOA
0%
$0
Property Management
15%
$420
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$700