This property looks like a bad Airbnb investment with a projected -11.79% first-year return on $105k initial cash invested.
-11.79%
Cash On Cash
3.57%
Cap Rate
0.57
DSCR
$2,997
Rent
-$1,029
Cashflow
Cash Flow
$2,997 income − $4,026 expenses = $1,029 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,600
Closing costs
1%
$4,130
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,997
Total Expenses
$4,026
Mortgage P&I
71%
$2,138
Property Taxes
10%
$302
Home Insurance
5%
$147
HOA
0%
$0
Property Management
15%
$450
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$749