This property looks like a bad Airbnb investment with a projected -8.68% first-year return on $102k initial cash invested.
-8.68%
Cash On Cash
4.32%
Cap Rate
0.7
DSCR
$3,382
Rent
-$735
Cashflow
Cash Flow
$3,382 income − $4,117 expenses = $735 out of pocket
Investment Breakdown
|
Purchase Price
$398k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,600
Closing costs
1%
$3,980
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,382
Total Expenses
$4,117
Mortgage P&I
60%
$2,033
Property Taxes
10%
$322
Home Insurance
4%
$139
HOA
0%
$0
Property Management
15%
$507
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$846