This property looks like a bad Airbnb investment with a projected -17.92% first-year return on $105k initial cash invested.
-17.92%
Cash On Cash
1.91%
Cap Rate
0.31
DSCR
$2,846
Rent
-$1,570
Cashflow
Cash Flow
$2,846 income − $4,416 expenses = $1,570 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,846
Total Expenses
$4,416
Mortgage P&I
74%
$2,118
Property Taxes
28%
$786
Home Insurance
5%
$145
HOA
0%
$0
Property Management
15%
$427
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$712