This property looks like a bad Airbnb investment with a projected -22.26% first-year return on $101k initial cash invested.
-22.26%
Cash On Cash
1.24%
Cap Rate
0.19
DSCR
$2,241
Rent
-$1,880
Cashflow
Cash Flow
$2,241 income − $4,121 expenses = $1,880 out of pocket
Investment Breakdown
|
Purchase Price
$397k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,400
Closing costs
1%
$3,970
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,241
Total Expenses
$4,121
Mortgage P&I
98%
$2,201
Property Taxes
29%
$642
Home Insurance
6%
$139
HOA
3%
$63
Property Management
15%
$336
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$560