This property looks like a bad Airbnb investment with a projected -22.57% first-year return on $106k initial cash invested.
-22.57%
Cash On Cash
1.07%
Cap Rate
0.16
DSCR
$1,802
Rent
-$1,992
Cashflow
Cash Flow
$1,802 income − $3,794 expenses = $1,992 out of pocket
Investment Breakdown
|
Purchase Price
$419k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,740
Closing costs
1%
$4,187
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,802
Total Expenses
$3,794
Mortgage P&I
127%
$2,295
Property Taxes
24%
$439
Home Insurance
9%
$158
HOA
2%
$38
Property Management
15%
$270
CapEx
4%
$72
Vacancy
0%
$0
Maintenance
4%
$72
Other
25%
$450