This property looks like a bad Airbnb investment with a projected -9.51% first-year return on $104k initial cash invested.
-9.51%
Cash On Cash
4.29%
Cap Rate
0.68
DSCR
$3,178
Rent
-$825
Cashflow
Cash Flow
$3,178 income − $4,003 expenses = $825 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,980
Closing costs
1%
$4,099
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,178
Total Expenses
$4,003
Mortgage P&I
68%
$2,164
Property Taxes
5%
$170
Home Insurance
5%
$144
HOA
0%
$0
Property Management
15%
$477
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$794