This property looks like a bad Airbnb investment with a projected -28.49% first-year return on $104k initial cash invested.
-28.49%
Cash On Cash
-0.63%
Cap Rate
-0.1
DSCR
$1,332
Rent
-$2,466
Cashflow
Cash Flow
$1,332 income − $3,798 expenses = $2,466 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,780
Closing costs
1%
$4,089
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,332
Total Expenses
$3,798
Mortgage P&I
165%
$2,197
Property Taxes
58%
$767
Home Insurance
11%
$145
HOA
4%
$50
Property Management
15%
$200
CapEx
4%
$53
Vacancy
0%
$0
Maintenance
4%
$53
Other
25%
$333