This property looks like a bad Airbnb investment with a projected -17.4% first-year return on $104k initial cash invested.
-17.4%
Cash On Cash
2.39%
Cap Rate
0.37
DSCR
$2,837
Rent
-$1,515
Cashflow
Cash Flow
$2,837 income − $4,352 expenses = $1,515 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,380
Closing costs
1%
$4,119
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,837
Total Expenses
$4,352
Mortgage P&I
78%
$2,224
Property Taxes
18%
$515
Home Insurance
6%
$164
HOA
3%
$88
Property Management
15%
$426
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$709