This property looks like a bad Airbnb investment with a projected -11.81% first-year return on $106k initial cash invested.
-11.81%
Cash On Cash
3.8%
Cap Rate
0.59
DSCR
$3,129
Rent
-$1,040
Cashflow
Cash Flow
$3,129 income − $4,169 expenses = $1,040 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,460
Closing costs
1%
$4,173
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,129
Total Expenses
$4,169
Mortgage P&I
71%
$2,236
Property Taxes
9%
$283
Home Insurance
5%
$149
HOA
0%
$0
Property Management
15%
$469
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$782