This property looks like a bad Airbnb investment with a projected -19.27% first-year return on $105k initial cash invested.
-19.27%
Cash On Cash
1.53%
Cap Rate
0.25
DSCR
$1,786
Rent
-$1,692
Cashflow
Cash Flow
$1,786 income − $3,478 expenses = $1,692 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,786
Total Expenses
$3,478
Mortgage P&I
120%
$2,150
Property Taxes
18%
$325
Home Insurance
8%
$147
HOA
0%
$0
Property Management
15%
$268
CapEx
4%
$71
Vacancy
0%
$0
Maintenance
4%
$71
Other
25%
$446