This property looks like a bad Airbnb investment with a projected -12.59% first-year return on $104k initial cash invested.
-12.59%
Cash On Cash
3.43%
Cap Rate
0.54
DSCR
$2,609
Rent
-$1,092
Cashflow
Cash Flow
$2,609 income − $3,701 expenses = $1,092 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,609
Total Expenses
$3,701
Mortgage P&I
83%
$2,159
Property Taxes
4%
$110
Home Insurance
6%
$144
HOA
1%
$37
Property Management
15%
$391
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$652