This property looks like a bad Airbnb investment with a projected -14.24% first-year return on $104k initial cash invested.
-14.24%
Cash On Cash
3.44%
Cap Rate
0.52
DSCR
$3,242
Rent
-$1,235
Cashflow
Cash Flow
$3,242 income − $4,477 expenses = $1,235 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,980
Closing costs
1%
$4,099
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,242
Total Expenses
$4,477
Mortgage P&I
70%
$2,279
Property Taxes
14%
$465
Home Insurance
4%
$144
HOA
1%
$33
Property Management
15%
$486
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$810