This property looks like a bad Airbnb investment with a projected -13.87% first-year return on $105k initial cash invested.
-13.87%
Cash On Cash
3.45%
Cap Rate
0.52
DSCR
$3,266
Rent
-$1,208
Cashflow
Cash Flow
$3,266 income − $4,474 expenses = $1,208 out of pocket
Investment Breakdown
|
Purchase Price
$412k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$105k
Downpayment
20%
$82,400
Closing costs
1%
$4,120
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,266
Total Expenses
$4,474
Mortgage P&I
69%
$2,262
Property Taxes
14%
$470
Home Insurance
5%
$149
HOA
1%
$25
Property Management
15%
$490
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$816