This property looks like a bad Airbnb investment with a projected -16.85% first-year return on $105k initial cash invested.
-16.85%
Cash On Cash
2.1%
Cap Rate
0.35
DSCR
$2,945
Rent
-$1,479
Cashflow
Cash Flow
$2,945 income − $4,424 expenses = $1,479 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,180
Closing costs
1%
$4,159
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,945
Total Expenses
$4,424
Mortgage P&I
71%
$2,089
Property Taxes
23%
$668
Home Insurance
5%
$149
HOA
4%
$104
Property Management
15%
$442
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$736