This property looks like a bad Airbnb investment with a projected -21.32% first-year return on $102k initial cash invested.
-21.32%
Cash On Cash
0.83%
Cap Rate
0.14
DSCR
$1,440
Rent
-$1,808
Cashflow
Cash Flow
$1,440 income − $3,248 expenses = $1,808 out of pocket
Investment Breakdown
|
Purchase Price
$399k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,760
Closing costs
1%
$3,988
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,440
Total Expenses
$3,248
Mortgage P&I
141%
$2,025
Property Taxes
27%
$391
Home Insurance
10%
$140
HOA
0%
$0
Property Management
15%
$216
CapEx
4%
$58
Vacancy
0%
$0
Maintenance
4%
$58
Other
25%
$360