This property looks like a bad Airbnb investment with a projected -12.69% first-year return on $106k initial cash invested.
-12.69%
Cash On Cash
3.29%
Cap Rate
0.53
DSCR
$3,029
Rent
-$1,119
Cashflow
Cash Flow
$3,029 income − $4,148 expenses = $1,119 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,660
Closing costs
1%
$4,183
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,029
Total Expenses
$4,148
Mortgage P&I
71%
$2,145
Property Taxes
12%
$366
Home Insurance
5%
$149
HOA
1%
$35
Property Management
15%
$454
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$757