This property looks like a bad Airbnb investment with a projected -13.51% first-year return on $105k initial cash invested.
-13.51%
Cash On Cash
3.08%
Cap Rate
0.5
DSCR
$2,868
Rent
-$1,179
Cashflow
Cash Flow
$2,868 income − $4,047 expenses = $1,179 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%
$82,580
Closing costs
1%
$4,129
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,868
Total Expenses
$4,047
Mortgage P&I
74%
$2,123
Property Taxes
14%
$403
Home Insurance
5%
$144
HOA
0%
$0
Property Management
15%
$430
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$717