This property looks like a bad Airbnb investment with a projected -14.51% first-year return on $102k initial cash invested.
-14.51%
Cash On Cash
3.3%
Cap Rate
0.49
DSCR
$2,666
Rent
-$1,228
Cashflow
Cash Flow
$2,666 income − $3,894 expenses = $1,228 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,600
Closing costs
1%
$3,980
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,666
Total Expenses
$3,894
Mortgage P&I
83%
$2,215
Property Taxes
10%
$259
Home Insurance
5%
$140
HOA
0%
$0
Property Management
15%
$400
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$666