This property looks like a bad Airbnb investment with a projected -24.69% first-year return on $104k initial cash invested.
-24.69%
Cash On Cash
0.51%
Cap Rate
0.08
DSCR
$1,369
Rent
-$2,140
Cashflow
Cash Flow
$1,369 income − $3,509 expenses = $2,140 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,920
Closing costs
1%
$4,096
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,369
Total Expenses
$3,509
Mortgage P&I
165%
$2,258
Property Taxes
28%
$383
Home Insurance
10%
$136
HOA
5%
$75
Property Management
15%
$205
CapEx
4%
$55
Vacancy
0%
$0
Maintenance
4%
$55
Other
25%
$342