This property looks like a bad Airbnb investment with a projected -7.99% first-year return on $105k initial cash invested.
-7.99%
Cash On Cash
4.62%
Cap Rate
0.74
DSCR
$3,551
Rent
-$699
Cashflow
Cash Flow
$3,551 income − $4,250 expenses = $699 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,780
Closing costs
1%
$4,139
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,551
Total Expenses
$4,250
Mortgage P&I
61%
$2,151
Property Taxes
7%
$249
Home Insurance
4%
$145
HOA
0%
$0
Property Management
15%
$533
CapEx
4%
$142
Vacancy
0%
$0
Maintenance
4%
$142
Other
25%
$888