This property looks like a bad Airbnb investment with a projected -18.88% first-year return on $104k initial cash invested.
-18.88%
Cash On Cash
1.86%
Cap Rate
0.29
DSCR
$2,722
Rent
-$1,640
Cashflow
Cash Flow
$2,722 income − $4,362 expenses = $1,640 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,140
Closing costs
1%
$4,107
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,722
Total Expenses
$4,362
Mortgage P&I
80%
$2,168
Property Taxes
27%
$724
Home Insurance
5%
$147
HOA
1%
$17
Property Management
15%
$408
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$680