This property looks like a bad Airbnb investment with a projected -6.65% first-year return on $103k initial cash invested.
-6.65%
Cash On Cash
5.11%
Cap Rate
0.8
DSCR
$3,769
Rent
-$572
Cashflow
Cash Flow
$3,769 income − $4,341 expenses = $572 out of pocket
Investment Breakdown
|
Purchase Price
$406k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,180
Closing costs
1%
$4,059
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,769
Total Expenses
$4,341
Mortgage P&I
57%
$2,151
Property Taxes
6%
$239
Home Insurance
4%
$142
HOA
0%
$0
Property Management
15%
$565
CapEx
4%
$151
Vacancy
0%
$0
Maintenance
4%
$151
Other
25%
$942