This property looks like a bad Airbnb investment with a projected -13.97% first-year return on $105k initial cash invested.
-13.97%
Cash On Cash
2.92%
Cap Rate
0.47
DSCR
$2,686
Rent
-$1,219
Cashflow
Cash Flow
$2,686 income − $3,905 expenses = $1,219 out of pocket
Investment Breakdown
|
Purchase Price
$413k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,574
Closing costs
1%
$4,129
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,686
Total Expenses
$3,905
Mortgage P&I
79%
$2,118
Property Taxes
9%
$234
Home Insurance
5%
$144
HOA
4%
$120
Property Management
15%
$403
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$672