This property looks like a bad Airbnb investment with a projected -21% first-year return on $106k initial cash invested.
-21%
Cash On Cash
1.44%
Cap Rate
0.22
DSCR
$1,760
Rent
-$1,852
Cashflow
Cash Flow
$1,760 income − $3,612 expenses = $1,852 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,660
Closing costs
1%
$4,183
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,760
Total Expenses
$3,612
Mortgage P&I
130%
$2,283
Property Taxes
19%
$332
Home Insurance
9%
$153
HOA
0%
$0
Property Management
15%
$264
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$440