This property looks like a bad Airbnb investment with a projected -14.51% first-year return on $103k initial cash invested.
-14.51%
Cash On Cash
2.8%
Cap Rate
0.45
DSCR
$2,460
Rent
-$1,240
Cashflow
Cash Flow
$2,460 income − $3,700 expenses = $1,240 out of pocket
Investment Breakdown
|
Purchase Price
$403k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$80,540
Closing costs
1%
$4,027
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,460
Total Expenses
$3,700
Mortgage P&I
85%
$2,083
Property Taxes
12%
$293
Home Insurance
6%
$144
HOA
0%
$0
Property Management
15%
$369
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$615