This property looks like a bad Airbnb investment with a projected -19.05% first-year return on $106k initial cash invested.
-19.05%
Cash On Cash
1.94%
Cap Rate
0.3
DSCR
$2,393
Rent
-$1,676
Cashflow
Cash Flow
$2,393 income − $4,069 expenses = $1,676 out of pocket
Investment Breakdown
|
Purchase Price
$417k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,400
Closing costs
1%
$4,170
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,393
Total Expenses
$4,069
Mortgage P&I
94%
$2,255
Property Taxes
16%
$375
Home Insurance
6%
$146
HOA
6%
$144
Property Management
15%
$359
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$598