This property looks like a bad Airbnb investment with a projected -16.88% first-year return on $105k initial cash invested.
-16.88%
Cash On Cash
2.18%
Cap Rate
0.35
DSCR
$1,916
Rent
-$1,478
Cashflow
Cash Flow
$1,916 income − $3,394 expenses = $1,478 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,920
Closing costs
1%
$4,146
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,916
Total Expenses
$3,394
Mortgage P&I
112%
$2,154
Property Taxes
9%
$170
Home Insurance
8%
$150
HOA
0%
$0
Property Management
15%
$287
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$479