This property looks like a bad Airbnb investment with a projected -15.85% first-year return on $101k initial cash invested.
-15.85%
Cash On Cash
2.38%
Cap Rate
0.39
DSCR
$2,803
Rent
-$1,340
Cashflow
Cash Flow
$2,803 income − $4,143 expenses = $1,340 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,460
Closing costs
1%
$3,973
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,803
Total Expenses
$4,143
Mortgage P&I
72%
$2,016
Property Taxes
23%
$642
Home Insurance
5%
$140
HOA
0%
$0
Property Management
15%
$420
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$701