This property looks like a bad Airbnb investment with a projected -6.91% first-year return on $102k initial cash invested.
-6.91%
Cash On Cash
4.77%
Cap Rate
0.79
DSCR
$3,895
Rent
-$587
Cashflow
Cash Flow
$3,895 income − $4,482 expenses = $587 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,955
Closing costs
1%
$3,998
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,895
Total Expenses
$4,482
Mortgage P&I
52%
$2,019
Property Taxes
12%
$453
Home Insurance
4%
$140
HOA
0%
$0
Property Management
15%
$584
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$974