This property looks like a bad Airbnb investment with a projected -3.58% first-year return on $105k initial cash invested.
-3.58%
Cash On Cash
5.99%
Cap Rate
0.96
DSCR
$5,442
Rent
-$312
Cashflow
Cash Flow
$5,442 income − $5,754 expenses = $312 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,520
Closing costs
1%
$4,126
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,442
Total Expenses
$5,754
Mortgage P&I
40%
$2,154
Property Taxes
11%
$591
Home Insurance
3%
$147
HOA
5%
$250
Property Management
15%
$816
CapEx
4%
$218
Vacancy
0%
$0
Maintenance
4%
$218
Other
25%
$1,360