This property looks like a bad Airbnb investment with a projected -22.49% first-year return on $101k initial cash invested.
-22.49%
Cash On Cash
1.29%
Cap Rate
0.19
DSCR
$1,489
Rent
-$1,902
Cashflow
Cash Flow
$1,489 income − $3,391 expenses = $1,902 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,500
Closing costs
1%
$3,975
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,489
Total Expenses
$3,391
Mortgage P&I
152%
$2,268
Property Taxes
16%
$245
Home Insurance
11%
$163
HOA
0%
$0
Property Management
15%
$223
CapEx
4%
$60
Vacancy
0%
$0
Maintenance
4%
$60
Other
25%
$372