This property looks like a bad Airbnb investment with a projected -11.72% first-year return on $102k initial cash invested.
-11.72%
Cash On Cash
3.61%
Cap Rate
0.58
DSCR
$3,498
Rent
-$994
Cashflow
Cash Flow
$3,498 income − $4,492 expenses = $994 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,800
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,498
Total Expenses
$4,492
Mortgage P&I
59%
$2,055
Property Taxes
18%
$618
Home Insurance
4%
$140
HOA
0%
$0
Property Management
15%
$525
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$874