This property looks like a bad Airbnb investment with a projected -20.03% first-year return on $103k initial cash invested.
-20.03%
Cash On Cash
1.85%
Cap Rate
0.28
DSCR
$2,502
Rent
-$1,720
Cashflow
Cash Flow
$2,502 income − $4,222 expenses = $1,720 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,000
Closing costs
1%
$4,050
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,502
Total Expenses
$4,222
Mortgage P&I
90%
$2,245
Property Taxes
25%
$634
Home Insurance
6%
$142
HOA
0%
$0
Property Management
15%
$375
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$626