This property looks like a bad Airbnb investment with a projected -6.58% first-year return on $105k initial cash invested.
-6.58%
Cash On Cash
4.97%
Cap Rate
0.8
DSCR
$3,788
Rent
-$578
Cashflow
Cash Flow
$3,788 income − $4,366 expenses = $578 out of pocket
Investment Breakdown
|
Purchase Price
$416k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,200
Closing costs
1%
$4,160
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,788
Total Expenses
$4,366
Mortgage P&I
57%
$2,149
Property Taxes
7%
$248
Home Insurance
4%
$150
HOA
0%
$0
Property Management
15%
$568
CapEx
4%
$152
Vacancy
0%
$0
Maintenance
4%
$152
Other
25%
$947