This property looks like a bad Airbnb investment with a projected -27.98% first-year return on $104k initial cash invested.
-27.98%
Cash On Cash
-0.76%
Cap Rate
-0.12
DSCR
$1,671
Rent
-$2,437
Cashflow
Cash Flow
$1,671 income − $4,108 expenses = $2,437 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,380
Closing costs
1%
$4,119
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$1,671
Total Expenses
$4,108
Mortgage P&I
126%
$2,108
Property Taxes
46%
$772
Home Insurance
9%
$145
HOA
17%
$280
Property Management
15%
$251
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$418