This property looks like a bad Airbnb investment with a projected -20.48% first-year return on $104k initial cash invested.
-20.48%
Cash On Cash
1.18%
Cap Rate
0.19
DSCR
$1,772
Rent
-$1,773
Cashflow
Cash Flow
$1,772 income − $3,545 expenses = $1,773 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,800
Closing costs
1%
$4,090
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,772
Total Expenses
$3,545
Mortgage P&I
119%
$2,105
Property Taxes
25%
$446
Home Insurance
8%
$143
HOA
0%
$0
Property Management
15%
$266
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$443