This property looks like a bad Airbnb investment with a projected -12.08% first-year return on $97,470 initial cash invested.
-12.08%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$2,936
Rent
-$981
Cashflow
Cash Flow
$2,936 income − $3,917 expenses = $981 out of pocket
Investment Breakdown
|
Purchase Price
$407k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,470
Downpayment
20%
$81,400
Closing costs
1%
$4,070
Rehab
0%
$0
Furnishing
3%
$12,000
Cashflow
Total Income
$2,936
Total Expenses
$3,917
Mortgage P&I
76%
$2,217
Property Taxes
5%
$150
Home Insurance
5%
$142
HOA
0%
$0
Property Management
15%
$440
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$734