This property looks like a bad Airbnb investment with a projected -9.17% first-year return on $105k initial cash invested.
-9.17%
Cash On Cash
5.05%
Cap Rate
0.73
DSCR
$3,932
Rent
-$799
Cashflow
Cash Flow
$3,932 income − $4,731 expenses = $799 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,480
Closing costs
1%
$4,124
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,932
Total Expenses
$4,731
Mortgage P&I
60%
$2,376
Property Taxes
8%
$296
Home Insurance
4%
$147
HOA
1%
$25
Property Management
15%
$590
CapEx
4%
$157
Vacancy
0%
$0
Maintenance
4%
$157
Other
25%
$983