This property looks like a bad Airbnb investment with a projected -12.91% first-year return on $104k initial cash invested.
-12.91%
Cash On Cash
3.67%
Cap Rate
0.56
DSCR
$3,183
Rent
-$1,120
Cashflow
Cash Flow
$3,183 income − $4,303 expenses = $1,120 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,980
Closing costs
1%
$4,099
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,183
Total Expenses
$4,303
Mortgage P&I
71%
$2,246
Property Taxes
12%
$386
Home Insurance
5%
$144
HOA
0%
$0
Property Management
15%
$477
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$796