This property looks like a bad Airbnb investment with a projected -16.94% first-year return on $105k initial cash invested.
-16.94%
Cash On Cash
2.67%
Cap Rate
0.4
DSCR
$2,931
Rent
-$1,480
Cashflow
Cash Flow
$2,931 income − $4,411 expenses = $1,480 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,680
Closing costs
1%
$4,134
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,931
Total Expenses
$4,411
Mortgage P&I
78%
$2,284
Property Taxes
19%
$571
Home Insurance
5%
$149
HOA
0%
$0
Property Management
15%
$440
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$733