This property looks like a bad Airbnb investment with a projected -14.96% first-year return on $105k initial cash invested.
-14.96%
Cash On Cash
2.61%
Cap Rate
0.42
DSCR
$2,057
Rent
-$1,304
Cashflow
Cash Flow
$2,057 income − $3,361 expenses = $1,304 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,057
Total Expenses
$3,361
Mortgage P&I
103%
$2,119
Property Taxes
5%
$106
Home Insurance
7%
$149
HOA
0%
$0
Property Management
15%
$309
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$514