This property looks like a bad Airbnb investment with a projected -18.5% first-year return on $104k initial cash invested.
-18.5%
Cash On Cash
2.14%
Cap Rate
0.32
DSCR
$1,718
Rent
-$1,605
Cashflow
Cash Flow
$1,718 income − $3,323 expenses = $1,605 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,718
Total Expenses
$3,323
Mortgage P&I
132%
$2,268
Property Taxes
5%
$85
Home Insurance
8%
$144
HOA
0%
$0
Property Management
15%
$258
CapEx
4%
$69
Vacancy
0%
$0
Maintenance
4%
$69
Other
25%
$430