This property looks like a bad Airbnb investment with a projected -18.95% first-year return on $104k initial cash invested.
-18.95%
Cash On Cash
1.84%
Cap Rate
0.29
DSCR
$2,259
Rent
-$1,644
Cashflow
Cash Flow
$2,259 income − $3,903 expenses = $1,644 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$82,000
Closing costs
1%
$4,100
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,259
Total Expenses
$3,903
Mortgage P&I
97%
$2,182
Property Taxes
21%
$470
Home Insurance
6%
$144
HOA
1%
$23
Property Management
15%
$339
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$565