This property looks like a bad Airbnb investment with a projected -13.68% first-year return on $104k initial cash invested.
-13.68%
Cash On Cash
3.02%
Cap Rate
0.49
DSCR
$2,530
Rent
-$1,183
Cashflow
Cash Flow
$2,530 income − $3,713 expenses = $1,183 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,720
Closing costs
1%
$4,086
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,530
Total Expenses
$3,713
Mortgage P&I
83%
$2,112
Property Taxes
9%
$237
Home Insurance
6%
$150
HOA
0%
$0
Property Management
15%
$380
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$632