This property looks like a bad Airbnb investment with a projected -15.85% first-year return on $105k initial cash invested.
-15.85%
Cash On Cash
2.9%
Cap Rate
0.44
DSCR
$2,516
Rent
-$1,389
Cashflow
Cash Flow
$2,516 income − $3,905 expenses = $1,389 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,516
Total Expenses
$3,905
Mortgage P&I
91%
$2,290
Property Taxes
10%
$262
Home Insurance
6%
$145
HOA
0%
$0
Property Management
15%
$377
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$629