This property looks like a bad Airbnb investment with a projected -22.28% first-year return on $101k initial cash invested.
-22.28%
Cash On Cash
1%
Cap Rate
0.15
DSCR
$1,754
Rent
-$1,880
Cashflow
Cash Flow
$1,754 income − $3,634 expenses = $1,880 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,300
Closing costs
1%
$3,965
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$1,754
Total Expenses
$3,634
Mortgage P&I
122%
$2,141
Property Taxes
28%
$498
Home Insurance
9%
$150
HOA
0%
$4
Property Management
15%
$263
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$438