This property looks like a bad Airbnb investment with a projected -9.97% first-year return on $106k initial cash invested.
-9.97%
Cash On Cash
3.94%
Cap Rate
0.65
DSCR
$3,200
Rent
-$877
Cashflow
Cash Flow
$3,200 income − $4,077 expenses = $877 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,400
Closing costs
1%
$4,170
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,200
Total Expenses
$4,077
Mortgage P&I
66%
$2,119
Property Taxes
9%
$273
Home Insurance
5%
$149
HOA
0%
$0
Property Management
15%
$480
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$800