This property looks like a bad Airbnb investment with a projected -10.27% first-year return on $104k initial cash invested.
-10.27%
Cash On Cash
4.32%
Cap Rate
0.66
DSCR
$3,128
Rent
-$889
Cashflow
Cash Flow
$3,128 income − $4,017 expenses = $889 out of pocket
Investment Breakdown
|
Purchase Price
$409k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,740
Closing costs
1%
$4,087
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,128
Total Expenses
$4,017
Mortgage P&I
71%
$2,236
Property Taxes
4%
$126
Home Insurance
5%
$154
HOA
0%
$0
Property Management
15%
$469
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$782