This property looks like a bad Airbnb investment with a projected -14.7% first-year return on $105k initial cash invested.
-14.7%
Cash On Cash
2.83%
Cap Rate
0.45
DSCR
$2,798
Rent
-$1,281
Cashflow
Cash Flow
$2,798 income − $4,079 expenses = $1,281 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,480
Closing costs
1%
$4,124
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,798
Total Expenses
$4,079
Mortgage P&I
77%
$2,143
Property Taxes
16%
$445
Home Insurance
5%
$147
HOA
0%
$0
Property Management
15%
$420
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$700