This property looks like a bad Airbnb investment with a projected -17.37% first-year return on $105k initial cash invested.
-17.37%
Cash On Cash
1.97%
Cap Rate
0.32
DSCR
$2,278
Rent
-$1,525
Cashflow
Cash Flow
$2,278 income − $3,803 expenses = $1,525 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,180
Closing costs
1%
$4,159
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,278
Total Expenses
$3,803
Mortgage P&I
93%
$2,118
Property Taxes
19%
$442
Home Insurance
7%
$149
HOA
0%
$0
Property Management
15%
$342
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$570