This property looks like a bad Airbnb investment with a projected -13.9% first-year return on $106k initial cash invested.
-13.9%
Cash On Cash
3.42%
Cap Rate
0.52
DSCR
$3,161
Rent
-$1,225
Cashflow
Cash Flow
$3,161 income − $4,386 expenses = $1,225 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,580
Closing costs
1%
$4,179
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,161
Total Expenses
$4,386
Mortgage P&I
72%
$2,289
Property Taxes
14%
$432
Home Insurance
5%
$149
HOA
0%
$0
Property Management
15%
$474
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$790