This property looks like a bad Airbnb investment with a projected -22.95% first-year return on $105k initial cash invested.
-22.95%
Cash On Cash
1.04%
Cap Rate
0.16
DSCR
$2,878
Rent
-$2,001
Cashflow
Cash Flow
$2,878 income − $4,879 expenses = $2,001 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,505
Closing costs
1%
$4,125
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,878
Total Expenses
$4,879
Mortgage P&I
78%
$2,243
Property Taxes
35%
$1,016
Home Insurance
5%
$144
HOA
3%
$94
Property Management
15%
$432
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$720