This property looks like a bad Airbnb investment with a projected -12.56% first-year return on $105k initial cash invested.
-12.56%
Cash On Cash
3.66%
Cap Rate
0.56
DSCR
$3,181
Rent
-$1,095
Cashflow
Cash Flow
$3,181 income − $4,276 expenses = $1,095 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,460
Closing costs
1%
$4,123
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,181
Total Expenses
$4,276
Mortgage P&I
70%
$2,224
Property Taxes
12%
$386
Home Insurance
4%
$140
HOA
0%
$0
Property Management
15%
$477
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$795