This property looks like a bad Airbnb investment with a projected -19.87% first-year return on $104k initial cash invested.
-19.87%
Cash On Cash
2%
Cap Rate
0.29
DSCR
$2,048
Rent
-$1,716
Cashflow
Cash Flow
$2,048 income − $3,764 expenses = $1,716 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,560
Closing costs
1%
$4,078
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,048
Total Expenses
$3,764
Mortgage P&I
113%
$2,314
Property Taxes
9%
$187
Home Insurance
14%
$280
HOA
0%
$0
Property Management
15%
$307
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$512