This property looks like a bad Airbnb investment with a projected -18.55% first-year return on $106k initial cash invested.
-18.55%
Cash On Cash
1.61%
Cap Rate
0.26
DSCR
$1,725
Rent
-$1,639
Cashflow
Cash Flow
$1,725 income − $3,364 expenses = $1,639 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,840
Closing costs
1%
$4,192
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,725
Total Expenses
$3,364
Mortgage P&I
124%
$2,133
Property Taxes
15%
$258
Home Insurance
8%
$145
HOA
0%
$0
Property Management
15%
$259
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$431