This property looks like a bad Airbnb investment with a projected -1.75% first-year return on $103k initial cash invested.
-1.75%
Cash On Cash
6.28%
Cap Rate
1.01
DSCR
$4,257
Rent
-$150
Cashflow
Cash Flow
$4,257 income − $4,407 expenses = $150 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%
$80,960
Closing costs
1%
$4,048
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,257
Total Expenses
$4,407
Mortgage P&I
49%
$2,097
Property Taxes
3%
$120
Home Insurance
3%
$147
HOA
0%
$0
Property Management
15%
$639
CapEx
4%
$170
Vacancy
0%
$0
Maintenance
4%
$170
Other
25%
$1,064