This property looks like a bad Airbnb investment with a projected -10.94% first-year return on $104k initial cash invested.
-10.94%
Cash On Cash
3.94%
Cap Rate
0.62
DSCR
$3,174
Rent
-$950
Cashflow
Cash Flow
$3,174 income − $4,124 expenses = $950 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,140
Closing costs
1%
$4,107
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,174
Total Expenses
$4,124
Mortgage P&I
68%
$2,170
Property Taxes
9%
$272
Home Insurance
5%
$158
HOA
0%
$0
Property Management
15%
$476
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$794