This property looks like a bad Airbnb investment with a projected -18.06% first-year return on $105k initial cash invested.
-18.06%
Cash On Cash
1.73%
Cap Rate
0.28
DSCR
$1,739
Rent
-$1,580
Cashflow
Cash Flow
$1,739 income − $3,319 expenses = $1,580 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,860
Closing costs
1%
$4,143
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,739
Total Expenses
$3,319
Mortgage P&I
121%
$2,106
Property Taxes
13%
$219
Home Insurance
9%
$158
HOA
0%
$0
Property Management
15%
$261
CapEx
4%
$70
Vacancy
0%
$0
Maintenance
4%
$70
Other
25%
$435