This property looks like a bad Airbnb investment with a projected -18.21% first-year return on $99,633 initial cash invested.
-18.21%
Cash On Cash
2.52%
Cap Rate
0.38
DSCR
$1,569
Rent
-$1,512
Cashflow
Cash Flow
$1,569 income − $3,081 expenses = $1,512 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,633
Downpayment
20%
$83,460
Closing costs
1%
$4,173
Rehab
0%
$0
Furnishing
3%
$12,000
Cashflow
Total Income
$1,569
Total Expenses
$3,081
Mortgage P&I
148%
$2,327
Property Taxes
0%
$1
Home Insurance
0%
$0
HOA
0%
$0
Property Management
15%
$235
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$392