This property looks like a bad Airbnb investment with a projected -16.78% first-year return on $103k initial cash invested.
-16.78%
Cash On Cash
2.51%
Cap Rate
0.39
DSCR
$2,488
Rent
-$1,447
Cashflow
Cash Flow
$2,488 income − $3,935 expenses = $1,447 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,400
Closing costs
1%
$4,070
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,488
Total Expenses
$3,935
Mortgage P&I
88%
$2,198
Property Taxes
16%
$398
Home Insurance
6%
$144
HOA
0%
$0
Property Management
15%
$373
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$622