This property looks like a bad Airbnb investment with a projected -15.67% first-year return on $103k initial cash invested.
-15.67%
Cash On Cash
2.76%
Cap Rate
0.43
DSCR
$2,520
Rent
-$1,346
Cashflow
Cash Flow
$2,520 income − $3,866 expenses = $1,346 out of pocket
Investment Breakdown
|
Purchase Price
$405k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$81,000
Closing costs
1%
$4,050
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,520
Total Expenses
$3,866
Mortgage P&I
86%
$2,178
Property Taxes
13%
$331
Home Insurance
6%
$147
HOA
0%
$0
Property Management
15%
$378
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$630