This property looks like a bad Airbnb investment with a projected -17.24% first-year return on $103k initial cash invested.
-17.24%
Cash On Cash
2.07%
Cap Rate
0.33
DSCR
$2,277
Rent
-$1,482
Cashflow
Cash Flow
$2,277 income − $3,759 expenses = $1,482 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,080
Closing costs
1%
$4,054
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,277
Total Expenses
$3,759
Mortgage P&I
92%
$2,089
Property Taxes
17%
$385
Home Insurance
6%
$142
HOA
2%
$50
Property Management
15%
$342
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$569