This property looks like a bad Airbnb investment with a projected -10.8% first-year return on $105k initial cash invested.
-10.8%
Cash On Cash
3.79%
Cap Rate
0.61
DSCR
$3,060
Rent
-$946
Cashflow
Cash Flow
$3,060 income − $4,006 expenses = $946 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,060
Total Expenses
$4,006
Mortgage P&I
70%
$2,135
Property Taxes
8%
$256
Home Insurance
5%
$147
HOA
0%
$0
Property Management
15%
$459
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$765