This property looks like a bad Airbnb investment with a projected -22% first-year return on $102k initial cash invested.
-22%
Cash On Cash
1.25%
Cap Rate
0.19
DSCR
$1,819
Rent
-$1,866
Cashflow
Cash Flow
$1,819 income − $3,685 expenses = $1,866 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,819
Total Expenses
$3,685
Mortgage P&I
121%
$2,207
Property Taxes
26%
$464
Home Insurance
8%
$140
HOA
0%
$0
Property Management
15%
$273
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$455