This property looks like a bad Airbnb investment with a projected -23.09% first-year return on $106k initial cash invested.
-23.09%
Cash On Cash
0.89%
Cap Rate
0.14
DSCR
$1,388
Rent
-$2,035
Cashflow
Cash Flow
$1,388 income − $3,423 expenses = $2,035 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,560
Closing costs
1%
$4,178
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,388
Total Expenses
$3,423
Mortgage P&I
165%
$2,289
Property Taxes
24%
$336
Home Insurance
9%
$131
HOA
0%
$0
Property Management
15%
$208
CapEx
4%
$56
Vacancy
0%
$0
Maintenance
4%
$56
Other
25%
$347