This property looks like a bad Airbnb investment with a projected -13.87% first-year return on $104k initial cash invested.
-13.87%
Cash On Cash
3.52%
Cap Rate
0.53
DSCR
$3,029
Rent
-$1,203
Cashflow
Cash Flow
$3,029 income − $4,232 expenses = $1,203 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,980
Closing costs
1%
$4,099
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,029
Total Expenses
$4,232
Mortgage P&I
75%
$2,284
Property Taxes
12%
$351
Home Insurance
5%
$144
HOA
0%
$0
Property Management
15%
$454
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$757