This property looks like a bad Airbnb investment with a projected -7.93% first-year return on $102k initial cash invested.
-7.93%
Cash On Cash
4.56%
Cap Rate
0.73
DSCR
$3,060
Rent
-$673
Cashflow
Cash Flow
$3,060 income − $3,733 expenses = $673 out of pocket
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,900
Closing costs
1%
$3,995
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,060
Total Expenses
$3,733
Mortgage P&I
68%
$2,069
Property Taxes
2%
$56
Home Insurance
5%
$140
HOA
0%
$0
Property Management
15%
$459
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$765