This property looks like a bad Airbnb investment with a projected -15.74% first-year return on $105k initial cash invested.
-15.74%
Cash On Cash
2.37%
Cap Rate
0.39
DSCR
$2,050
Rent
-$1,379
Cashflow
Cash Flow
$2,050 income − $3,429 expenses = $1,379 out of pocket
Investment Breakdown
|
Purchase Price
$415k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$83,000
Closing costs
1%
$4,150
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,050
Total Expenses
$3,429
Mortgage P&I
103%
$2,118
Property Taxes
9%
$182
Home Insurance
7%
$145
HOA
0%
$0
Property Management
15%
$308
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$512