This property looks like a bad Airbnb investment with a projected -10.71% first-year return on $102k initial cash invested.
-10.71%
Cash On Cash
3.72%
Cap Rate
0.6
DSCR
$2,532
Rent
-$910
Cashflow
Cash Flow
$2,532 income − $3,442 expenses = $910 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,532
Total Expenses
$3,442
Mortgage P&I
81%
$2,048
Property Taxes
2%
$39
Home Insurance
6%
$140
HOA
0%
$0
Property Management
15%
$380
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$633