This property looks like a bad Airbnb investment with a projected -18.61% first-year return on $105k initial cash invested.
-18.61%
Cash On Cash
1.62%
Cap Rate
0.26
DSCR
$1,556
Rent
-$1,627
Cashflow
Cash Flow
$1,556 income − $3,183 expenses = $1,627 out of pocket
Investment Breakdown
|
Purchase Price
$414k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,760
Closing costs
1%
$4,138
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,556
Total Expenses
$3,183
Mortgage P&I
137%
$2,124
Property Taxes
11%
$166
Home Insurance
9%
$147
HOA
0%
$0
Property Management
15%
$233
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$389