This property looks like a bad Airbnb investment with a projected -14.16% first-year return on $105k initial cash invested.
-14.16%
Cash On Cash
2.89%
Cap Rate
0.47
DSCR
$2,826
Rent
-$1,236
Cashflow
Cash Flow
$2,826 income − $4,062 expenses = $1,236 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,580
Closing costs
1%
$4,129
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,826
Total Expenses
$4,062
Mortgage P&I
75%
$2,117
Property Taxes
13%
$374
Home Insurance
5%
$145
HOA
2%
$70
Property Management
15%
$424
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$706