This property looks like a bad Airbnb investment with a projected -14.11% first-year return on $104k initial cash invested.
-14.11%
Cash On Cash
2.98%
Cap Rate
0.49
DSCR
$3,878
Rent
-$1,222
Cashflow
Cash Flow
$3,878 income − $5,100 expenses = $1,222 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,860
Closing costs
1%
$4,093
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,878
Total Expenses
$5,100
Mortgage P&I
54%
$2,082
Property Taxes
25%
$983
Home Insurance
4%
$173
HOA
0%
$0
Property Management
15%
$582
CapEx
4%
$155
Vacancy
0%
$0
Maintenance
4%
$155
Other
25%
$970