This property looks like a bad Airbnb investment with a projected -14.6% first-year return on $104k initial cash invested.
-14.6%
Cash On Cash
3.11%
Cap Rate
0.48
DSCR
$2,394
Rent
-$1,261
Cashflow
Cash Flow
$2,394 income − $3,655 expenses = $1,261 out of pocket
Investment Breakdown
|
Purchase Price
$408k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,580
Closing costs
1%
$4,079
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,394
Total Expenses
$3,655
Mortgage P&I
93%
$2,221
Property Taxes
6%
$136
Home Insurance
6%
$149
HOA
0%
$0
Property Management
15%
$359
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$598