This property looks like a bad Airbnb investment with a projected -11.45% first-year return on $106k initial cash invested.
-11.45%
Cash On Cash
4.19%
Cap Rate
0.63
DSCR
$3,385
Rent
-$1,011
Cashflow
Cash Flow
$3,385 income − $4,396 expenses = $1,011 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,800
Closing costs
1%
$4,190
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,385
Total Expenses
$4,396
Mortgage P&I
69%
$2,339
Property Taxes
8%
$286
Home Insurance
4%
$147
HOA
0%
$0
Property Management
15%
$508
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$846