This property looks like a bad Airbnb investment with a projected -11.46% first-year return on $105k initial cash invested.
-11.46%
Cash On Cash
3.83%
Cap Rate
0.6
DSCR
$3,008
Rent
-$1,006
Cashflow
Cash Flow
$3,008 income − $4,014 expenses = $1,006 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,180
Closing costs
1%
$4,159
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,008
Total Expenses
$4,014
Mortgage P&I
74%
$2,213
Property Taxes
6%
$193
Home Insurance
5%
$157
HOA
0%
$8
Property Management
15%
$451
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$752