This property looks like a bad Airbnb investment with a projected -14.87% first-year return on $105k initial cash invested.
-14.87%
Cash On Cash
2.97%
Cap Rate
0.46
DSCR
$2,444
Rent
-$1,306
Cashflow
Cash Flow
$2,444 income − $3,750 expenses = $1,306 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,220
Closing costs
1%
$4,161
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,444
Total Expenses
$3,750
Mortgage P&I
92%
$2,237
Property Taxes
7%
$164
Home Insurance
7%
$175
HOA
0%
$0
Property Management
15%
$367
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$611