This property looks like a bad Airbnb investment with a projected -13.93% first-year return on $104k initial cash invested.
-13.93%
Cash On Cash
2.98%
Cap Rate
0.48
DSCR
$2,724
Rent
-$1,212
Cashflow
Cash Flow
$2,724 income − $3,936 expenses = $1,212 out of pocket
Investment Breakdown
|
Purchase Price
$411k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,260
Closing costs
1%
$4,113
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,724
Total Expenses
$3,936
Mortgage P&I
78%
$2,123
Property Taxes
13%
$355
Home Insurance
6%
$150
HOA
0%
$0
Property Management
15%
$409
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$681