This property looks like a bad Airbnb investment with a projected -9.12% first-year return on $106k initial cash invested.
-9.12%
Cash On Cash
4.25%
Cap Rate
0.68
DSCR
$3,034
Rent
-$804
Cashflow
Cash Flow
$3,034 income − $3,838 expenses = $804 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,580
Closing costs
1%
$4,179
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,034
Total Expenses
$3,838
Mortgage P&I
71%
$2,164
Property Taxes
2%
$69
Home Insurance
5%
$150
HOA
0%
$0
Property Management
15%
$455
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$758