This property looks like a bad Airbnb investment with a projected -15.41% first-year return on $106k initial cash invested.
-15.41%
Cash On Cash
3%
Cap Rate
0.45
DSCR
$2,343
Rent
-$1,356
Cashflow
Cash Flow
$2,343 income − $3,699 expenses = $1,356 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,420
Closing costs
1%
$4,171
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,343
Total Expenses
$3,699
Mortgage P&I
98%
$2,306
Property Taxes
5%
$121
Home Insurance
6%
$147
HOA
0%
$0
Property Management
15%
$351
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$586